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MARUTI

Maruti 50% upside (target = 11,000) Date: 28 Dec 2020 Maruti Suzuki (CMP: 7,483) Chart Time Frame: Weekly Chart a) Maruti has formed an Inverse Head and Shoulder pattern on a weekly basis. b) Stock price is sustaining above all its 'Weekly Exponential Moving Averages' - 10 WMA, 20 WMA, 50 WMA & 200 WMA. c) The average Volume has increased more than double since the formation of Inverse H&A started taking shape. d) During the left shoulder formation RSI was little over 30 level of oversold zone. However, during the right shoulder formation the RSI was well above 50 level indicating a strong bullish level formation. With such a strong setup it is a perfect time to go long on Maruti Suzuki for 2 years. You can get 50% return in Maruti during this period. Target = 11,000. Stop Loss = 6,000.
NSE:MARUTILong
by Mayur_Undale
Maruti | Ascending triangle formation & Big Breakout NSE:MARUTI Swing Trading opportunity ! Daily Chart Alert !!! --Target = 8360 --Stop-loss = 6935 --Lot Size = 100 RETRACEMENT Could HAPPEN!!! Technical Reasons to trade :- 🧢 1) maruti Ascending triangle breakout with volume 2) Volume is also good 3) Uptrend Is continuing and resistance is broken 4) support zones is mentioned on the chart Guys check out the related ideas on MARUTI based on Harmonic pattern 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:MARUTILong
by ReviveTraders
2
MARUTI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE. CONSOLIDATING WITH LOW VOLUME. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB: PULLBACK If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!!!
NSE:MARUTI
by ReeAishw
2