Weekly Chart
#DREDGECORP
NSE: DREDGECORP
Short Term Quick Profit
CMP 428.25
Target: 480
SL : 402
Timeframe < 45 Days
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with...
Maruti
CMP - 6736
Stop - 6300 on DCB
Expectation -
1 - 7800
2 - 8500, Review at 8500
Expected Holding Period - 80 trading days or earlier
Ideas being shared only for educational purpose
Maruti in uptrend but currently arriving at strong resistance zone (7200). Auto sector in general bullish. So have to wait and watch tomorrow for current levels and then take trade.
Hello traders,
MARUTI Suzuki is getting ready for the 7000 rocket launch!
Just in a matter of 3 to 4 trading weeks.
Positive news over Maruti in the auto industry gives a better push to reach the expected level (7300)
Equity buyers can buy at the current level at wait for another 2 weeks or beautiful results!
For F&O is a new month for you guys!
So,...
Hi 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...
Maruti 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.
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...
Long 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 has been testing this trendline since a long time and it is near to its breakout area.
If we get a breakout with good volumes in coming days, one can buy with a S.L. of 6500 on daily closing basis with target of 7200/7400 in near term if market supports.
