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MARUTI

MARUTI on a high stock analysis:Maruti has already made a double top pattern previously followed a continuous move towards up, and formed a curve where buyers and sellers were both confused where the direction of the stock is? After forming a double top pattern the stock has moved towards down direction. At current level it is forming a disjoint channel, and the stock is moving near the resistance line. Till now buyers were more active the stock has moved to resistance line buyers may fear to invest and stock price will fall. We can expect falling price till 6366. To be in safe side if there will be up break the price will be bullish 7351 above.
NSE:MARUTI
by Trade-Technique
17
MARUTI is Making Symmetrical Triangle Pattern (Breakout Trade)Maruti Suzuki India Limited : Automobile Manufacturer Company ( NSE:MARUTI ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High. Target and StopLoss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
NSE:MARUTI
by R_Sharma