Maruti - Weekly (Long) And Daily (Short) Time Frame AnalysisHi Folks,
Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd.
The 2nd of one smaller degree seems to be brewing now.
When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd seems to have got completed at 23.6% (7152) and we may be in the B wave up and the ensuing C wave may move down towards 38.2% retracement (6673), 50% retracement (6162) or even 61.8% retracement (5651) after which it will acquire wings to take it's flight for a 3rd of 3rd!!
Note : This view would be invalidated if the price crosses resistances 7880, 8080, 8330 with force.
Happy Investing !!
MARUTI
Maruti Suzuki 6150?The stock has formed a head & shoulders pattern and expected to move towards 6150 levels.
I analyzed Maruti a few days back and mentioned the target of 7000 and the stock is almost there.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Head and Shoulder Pattern Breakout in MARUTI for target of 6132-In today's session, Maruti gives head and shoulder pattern on the daily chart. After this breakout huge downside expected. According to the pattern projected target possible 6132 in the upcoming few trading sessions. 6740 and 6300 levels will act as intermediate support during this fall.
nifty auto 🏍🛵🚗🚓🚕🛺🚙🚌🚐🚑🚒🚍NSE:CNXAUTO
if know such skill then you can get perfect sector at right time to invest in and same way if you know such skill that will help you to disinvestment in same sector at right time , as right time entry is most important in such stocks( sectors) same way right time exit or partial booking profit also must required. keep earning keep learning.
Learn . Apply . Grow (if one can find breakouts can hold for some more time with trailing basis stop loss)
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