MARUTI READY FOR A SPIN WITH 1:11 RISK REWARD #DONOTMISSHi Friends and Fellow Traders
#DONOTMISS
#MARUTI
Broken out from the Daily Downtrend (+ Sign)
Price has been beautifully Consolidating over Hourly 200EMA
Following a Good Trendline in Hourly TF
Successfully closed above 6800-6850 resistance level (after testing for 4 times)
Same Level may act as support to propel the stock further
Today took slight rejection from 200 Daily EMA (expected)
Close above 200 D EMA will further propel the upside journey
KEY LEVELS FOR ENTRY , TARGETS AND STOP LOSS MARKED ON CHARTS
MARUTI
Maruti near long term supportMaruti has already retraced more than 38% from the top. Long term support zone at 6450-6400 which it held in two occasions in last few months. Short term support seen at 6250-6300 levels which can be treated as the stop-loss zone. RSI divergence is prominent in the stock.
Idea: Buy Maruti around 6400-6450 range with a a strict stop loss of 6250-6300 zone.
M_M | Accumulation Then Biggest Breakout with volume Ever !!!!✈✈Positional Trading opportunity ! Weekly Chart Alert !
NSE:M_M
Technical Reasons to trade :- 🧢
1> Big breakout
2> Huge volume ever M_M recieved
3> Accumulation for 17 weeks straight
4> Retracement areas are shown through arrow.
Some fundamental NEWS :- ⛳
1 )Mahindra & Mahindra Unit Set to Manufacture New Tractor Series for Domestic and Global Markets
2) Mahindra & Mahindra UK Arm Acquires Three Companies
3) Bank Of Baroda Partners with Mahindra for Tractor Finance
--CMP =738
--Lot Size = 1400
--Target = 932 ( 30% )
Guys check out the related ideas as well, it will work really well guaranteed !
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COMMENT Below your view !
Maruti - Trendline ReversalLong can be executed as the price and RSI breaks the trend line in upside for minimum 80 points target. This analysis will be valid till May or June. Exit once the stoploss is triggered.
Kindly share your valuable feedback.
Disclaimer : please do your own research or consult your advisor before taking any trade. This view is for educational purposes only.
Maruti - A break of imp support could trigger selloff 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.
MARUTI BUY MARUTI LOOKS A NEAT BUY NEAR 6500 - 6472 WITH STOP LOSS BELOW 6271 FOR TGT 1 : 6887 TGT 2 : 7142 TGT 3 :7372.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain.
This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
Maruti - Buy on Dips and accumulate.Maruti: Long term investment to reach the full target levels. (Wait period: 3 months to 24 months approx.)
Suitable for: Investors with patience.
It is trading in very attractive price. Considering its future growth in e-vehicle sector, the current price is good. The company is well renowned and fundamentally strong and trusted company by Indians.
It may g down further little also. But its the time to invest and buy on dips and accumulate as much as possible. And finally sit and watch to see the growth.
**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock.