Dear All Members at TradingView ,
Maruti Suzuki India is trading near to Potential Reversal Zones of Bullish Gartley . Our Strategy should be :
Buy Near to 6515-6535 Rs. / Safe Players should enter above 6730 Rs.
Expected Targets : 6730-6860-7055+ / Aggressive Targets : 7500+ Rs.
Stop-Loss : 6450 Rs. on Closing Basis
A Good Buy for Investment Purpose as...
Looks like we have completed a Leading Diagonal formation for W.(1) and W.(2) also looks complete, hence we can plan to initiate shorts here with the SL above swing high.
Strong resistance at 7640 level seems to support the view.
Auto Industry, depicting robust fractals (part 1)
Not long ago, auto industry and its ancillary companies were hitting all-time highs. But lately the mood has been somber. Motherson Sumi is down 40% from its 13 month high (or rather all time highs), whereas Maruti is down more than 25%. So is it the right time to buy?
What caused such change in fortunes? Can...
Breakout of Long term Resistance line
if sustain above 7000 Level
Can lead this rally till 7086-7144-7200
Disclaimer: All the Recommendation/View Given in ArrowMoney are only for internal study purpose. Consult your financial adviser before making any investment decision.
Maruti Will be soon in buying zone. Today it may perform above 6650 use SL 6500
Possible targets for positional - 6730/850/950/7000/7100
Maruti Cmp - 6596
Note : This idea is late post. But levels were posted in my Channel.
One can long now with cost SL
Stock seems to be having a strong support at 6500-680 levels, however it is also making lower highs with the same lows. Might fall further if gives a close below 6480 for 2 consecutive days
DM me for real time market calls