Maruti is trading around a very crucial level of 7700. This level is held as a resistance since december last year. Possibility of the breaking out of is good after an accumulation period because of the following reasons:-
1) Bounce from Max Volume Zone.
2) EMA's showing long term side ways market (aka consolidation in wide range).
3) Closing above PP weekly and Rising PP levels.
4) Previous accumulation zone with volume profile support.
It is not sure that this time it will give breakout but possibility of breakout is good. It is possible that maruti might retrace once again and then give a breakout in the next swing because a small retracement in nifty is expected.
Breaking out of 8k levels will not give conformation till crossing of 8200 levels because maruti has overshot 8k levels multiple times in the past. So safest position to buy maruti is above 8200 levels one can also do accumulation of position till 8200 levels with strict sl below 8k.
Above 8200 range is open till 10,000 which it can attain in medium to long term.
PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
1) Bounce from Max Volume Zone.
2) EMA's showing long term side ways market (aka consolidation in wide range).
3) Closing above PP weekly and Rising PP levels.
4) Previous accumulation zone with volume profile support.
It is not sure that this time it will give breakout but possibility of breakout is good. It is possible that maruti might retrace once again and then give a breakout in the next swing because a small retracement in nifty is expected.
Breaking out of 8k levels will not give conformation till crossing of 8200 levels because maruti has overshot 8k levels multiple times in the past. So safest position to buy maruti is above 8200 levels one can also do accumulation of position till 8200 levels with strict sl below 8k.
Above 8200 range is open till 10,000 which it can attain in medium to long term.
PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
Trade active:
Waiting for Breakdown or Breakout with conformation.
Comment:
Still Holding. According to my analysis i think this might happen if nifty started moving up. if fell below demand zone ill square off my position in small loss.
Trade active:
As of now market is moving as per my expectation.
Comment:
Still holding, profit in progress.
Comment:
Moving as expected marvelous profit in progress.
Trade active
Comment:
Waiting for targets.
Trade active:
Second Entry level activated. Lets Goo !!!
Trade active:
whoosh !!!
Trade active:
Previous ATH Level's :
Trade active:
And BOOM !!! it is above ATH.
Trade active:
Still in the trade with partial quantity once it breaks recent high will enter full quantity.
Trade active:
Resisting from previous highe's i'll exit once it crosses previous swing.
Trade closed manually:
Sentiments has turned very negetive. Booking all partialy opened trades on monday. Gathering profits for lower level buying opportunities in near future. Preserve ur money as of now.
