Today NSE:MARUTI showed some bounce in the morning and but since then there we can see profit booking continuously. It has a long way to go though. I will post details in day timeframe.
good volume breakout retesting to breakout level 7300 Inverted head and shoulder pattern target aroud 8000++
Some profit booking is seen in NSE:MARUTI . But there is some up move left. It might start rallying towards 7800 tomorrow. Price is still above 20 DEMA.
" TECHNICAL ANALYSIS OF NSE:MARUTI The LAST CLOSE PRICE of NSE:MARUTI is 7649 . The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 1.414 at the FIBONACCI STOCK PRICE LEVEL of 7649. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT...
MARUTI- a perfect divergence- 15 min- time frame a bit correction
NSE:MARUTI has been able to cross 7500. It can still go to 7600.
Level only for small target during intraday.
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...
I have added Maruti at 6800. Will add more at 6500 . My stop loss of 6200 on closing basis. I am gunning for 8500 levels in mid term and 12500 levels over a period of 18-24 months
Maruti has broken the quant box consolidation... If The script closes below the 7192.05 level (EOD basis), then the probability of Target1 and 2 will be high. Please respect the SL too. Note as of now the options trading is not advisable due to low -ve beta accumulations. One can take a position in the derivative future. Please note this information is for...
KEY TAKEAWAYS A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order...
MARUTI moving inside a very good channel pattern, once this hourly candle closes above channel support we can go long. SL will be very small. ***DO YOUR SELF ANALYSIS***
Positive Bias : Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it sustained above @6855 level. . Points to be Note (Technical + Fundamental) 1. Head & Shoulder pattern formation.\ 2. Anticipated rejection at level 7060 due to increased in sales. 3. ...
Expecting a good bounce in Maruti from demand zone Buy around 7230/7240 Weak below 7190 Looking for 7281, 7339