Maruti Suzuki : Good Buy above 7000Maruti Suzuki is able to form base near 6800 (50 % fibo level)
In last session it gave a good movement and broke .618 level of fibo
Good buy above 7000 for the target of 7194, 7349
Sl to be maintained below 6800
MARUTI
Maruti has tested Support 4 times. Strong base. Maruti has tested the base multiple times and reversed. Strong base formed. NSE:MARUTI
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MARUTI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
STOCK HAS EARLIER TAKEN SUPPORT FROM 50 DAILY EMA BUT IT WAS NOT ABLE TO MAKE HIGHER HIGH
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Maruti Long for 7150-7200#Maruti #MarutiSuzuki #Auto #Bullish #Bull #Upstock #Chartpattern #Chart #Support #Nearsupport #Stocksnearsupport #telegram #easymkt #deeppockets
Buy Maruti @ 6900
Sl mentioned on chart
Tgt 7170 (mentioned on chart)
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 04/11/2020 INTRADAYNIFTY50 KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 04/11/2020
TRADE WITH STRICT STOP-LOSS AND FOLLOW RISK MANAGEMENT
MARUTI | Bearish Harmonic Pattern |SWING trading opportunity
target = 6805
CMP = 7112
Stoploss= 7296 ( one can even modify it )
lot size = 100
check out my related idea on granules on harmonic pattern it achieved the target
FOLLOW for more !
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Maruti Suzuki : Flag pattern breakoutMaruti given a flag pattern BO in last trading session with good volume.
If sustained over 7130, Buy can be initiated and there are several hurdles like marked in the chart.
Sl to be maintained below 6970.
Maruti LONGLTP 7105
Target - 7370
Support - 6860
Book profit/loss if it breaks the trendline for immediate outcome.
Maruti Suzuki is going down after a wedge patternWe have checked three things while taking this trade :
1. The volume should be low, no trend changing.
2. Double top pattern from major resistance.
3. We are aiming for 1.5% RR ratio which is good but it can be a hold it it breaks lower support (low chance).
Action Plan : Short at the current price and sit back, trail the stop loss once it reached the W pattern bottom leg. Keep riding for profits if it breaks the support as well else exit at trailed stop loss.
"You don't have to be a great trader to cut your losses short , just an active one."
Maruti - Ready to drive like a rocket Target 8000+Maruti is looking good at current levels as it is clearly visible that it will complete Inverse Head and Shoulder Pattern.
All details on the chart. Please make sure that you are keeping a stop loss because any thing can happen in market.
Please do share your views.
And before investing or trading please take advise from your broker or advisor.
MARUTI SHORT FOR INTRADAY;
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
BULLISH MarutiMaruti has given Pole and Flag Break-out. after giving break-out, stock consolidated sideways with lower volumes. today stock has again started moving up with higher volumes.
Stock has support near 6800/6700 and will try to regain upper level of 7300.
PS: Chart and view is only for purpose of learning, Please consult financial advisor before any investment.
Maruti: Change in polarityChange in polarity = when a support becomes resistance or a resistance acts as a support
1. A newly broken support can act as a resistance
2. wait for a rejection of the resistance(?)
3. Enter a trade when the immediate support (black line) is broken convincingly
4. Do not enter if the resistance is broken on the upside
Disclaimer: The analysis here is for education purpose only and should not be treated as a stock tip! TIPS=SPIT! Educate yourself and be responsible for your own trades!
All the best!
