Maruti has been in a range, making moves on both sides. But, 6400-6500 remains strong support for Maruti. A breakdown on the downside could trigger a selloff. Conversly, if taking support on 6420-6400 , we can witness a small upside in Maruti. Wait for a volume confirmation to achieve a strong target of 600+ points.
The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Target 7600 SL 6950 Triangle Pattern Breakout
Price got rejection twice is making double top
TATAMOTORS Good above 278 for Safe Entry , Early Entry can be done if crossing 270 Level then can test 277-278 Levels Weak below 259 Levels
MOTHERSUMI after price correction Price is currently ranging in a zone Breaking 163.50 Level Price can test 175 Levels Weak Below 152.50 Level Between these Levels avoid Trading Resting on imp. Level of Fibo currently.
M_M was in uptrend and recently price failed to create New High and made Lower High which indicates it as a double top pattern Price is currently resting at neckline. It is weak below 790 Level (if fall continue watch out for breakdown and a strong rejection candle during retest)
It is like make or break point for Auto. It is near at support level. It should bounce back from here to have upside in whole sector.
Am I watching correctly ? inverted HS in spread chart of CNXAUTO/NIFTY. If yes then it can give huge upside in maruti and heromoto but after breakout only. This sector has also become necessirty in india so may be considered as defensive one only and while general market may be under consolidation it will run up.
Target 8,125/8,180 Main Stop loss at 7950 , *Disclaimer : I just shared my view. Please trade with your comfortable and own ideas.
Please use these entries as breakout points. And Do not trade when a gap up or down occures. Entry : below 147 Target : Trailing Stop loss Stop loss : above 147 This is not a recommendation. This is for educational purpose only. Consider all risks possible with stock market. Thank you Have a nice day Happy Trading!!
3.618 and falling trendline are in close proximity.Negative divergence on indicators is clearly visible. I won't short till the time it closes below support line and ema.
NiftyAuto aka CNXAuto is in No Trade Zone. Please avoid Auto Stocks.