The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor
Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary....
Weekly breakout in MARUTI with good volumes. The stock has been consolidating for 16 weeks after the breakout and taking support on the breakout trendline. It is a good zone to buy as the Stoploss is small while the upside looks very good.
The stock's Fundamentals look very good as well. Overall it will be a good bet.
The stock price has been moving in a parallel channel in recent weeks. Can expect it to come to the lower side now. Also, a retest of the breakout at 10k levels seems due.
Other indicative actions are mentioned on the charts.
Risk-reward is good according to the setup.
Only for learning and understanding purposes, not a it of trading advice in any form.
All the best.
Maruti Suzuki holding its technical breakout of Inverted H&S with a delta of neckline is 3000 points. Suggest Suzuki likely to reach 13000 levels in Mid to long term.
Backed by positive brokers report “Morgan Stanley gives overweight call on Maruti, says business is turning around on expected lines. SUV mkt share gains, mix improvement & vol recovery are now...
Chart -> Maruti Suzuki Weekly
Broke 2018's double top with a bullish candle.
Good Range To Buy: 9,700 to 10,300
Targets: 13,570 and 15,830
SL: 9,330 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
It sector now at Break out zone. If close or sustain above 31500 then min. 5 to20% up side seen.
So grabe the Opportunity.
Disclaimer:- It's My personal view, before taken any decision plz take your Financial advisor help.
The chart pattern of MARUTI is looking wonderful at this point and if two candles survive above the trendline it can be a trending stock.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Maruti Ltd on 2-hour timeframe
You can see a wide channel forming and currently trading at major trend + channel support trend line.
The probability of reversal is very high.
Entry has 2 Scenarios:-
1. It can Give a breakout above 9565 directly or
2. It will again test the support zone and forms a double bottom pattern and then breakout...