Maruti in triangle patternSell below 4970 for 4400, SL-5100
Buy above 5100 for 5600, SL 4970
Looking at MACD seems it would bearish for short term.
MARUTI
MARUTI Support & ResistanceMaruti at critical support zone around 5100 to 5000.
Breakout in Nifty direction expected one can sell below 4900 and buy above 5200 for respective targets.
maruti multi frame levels and analysis fundamentals are no where good for this industry
I personally wont buy anthing just because its a deep iscount
wait for business to overcome
and do required shift for its growth
wait and watch as an investor
as a trader sell on rise
Enter Long Position in Maruti Suzuki above 5735Enter Long Position in Maruti Suzuki above 5735
On a daily chart, Maruti Suzuki looks good above 5735.
Should wait to enter long position till it gives clear signal.
Right now, looks bearish
Support at 4945
Resistance at 5650
Maruti Next week projectionMaruti may reach 5679 next week.
PS|: Result announcement of maruti is there in next week. since their sales is less, we can expect some price drop over there
Maruti Gearing up It has been observed that the price action breaking above the nearest resistance of 5400 level. Once the price action closes above 5400 on daily chart then the price action may further excel and reach towards 5800-6000 levels.
T1- 5750
T2- 5900
SL- 5200
Note a close above 5400 is required to confirm further excel in the price action.
Maruti Trend Analysis & Possible Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
R:R is 12-15 times.
Maruthi will go down to 3051Maruthi is at corrective phase, and will reach 3051 after short bullish move.
Want daily, monthly, weekly, hourly, minutes view ?, PM me for details
MARUTI KI SAWARI ..... Maruti is very likely to break 4000 levels in coming weeks .
I would like to go short on maruti arud 4050-4100 range with a buy in maruti 4000 call @350 arud ..
My view is if it breaks 4000 , it can touch 3200-3300 levels
so in above hedging i have booked loss of 300 with profit unlimited ..
HAPPY TRADING
MARUTI BEARISH SHARK NEXT POTENTIAL REVERSAL ZONE?1.618 LEVEL IS CURRENT SUPPORT BUT IT WILL BE BREACHED BELOW 3962 THEN NEXT LEVEL IS 2.24 HARMONIC
Maruti Level for 03-Mar-2020(Intraday)Maruti back from its fib level in last trading session and now between in two major zones...
Buy above 6450 Bullish for 6500, 6555,6700
Sell below 6240 bearish 6180,6120,6000
Critical Zone- 6240-6450(sidways)
*All views only for Educational purpose, Trade @ your own Risk.
MARUTIIt has made a bullish AB=CD in daily time frame. It could reverse from here for 6850 / 7100 provided it does not go below 6625
MARUTIMaruti in the very short term looks weak within a sideways corrective which suggests it could test 6800-6700 which tallies with a bullish Harmonic pattern as well as Ichimoku Kumo support provided it does not go above 7350. Near the suggested level of support it could resume a medium term uptrend.
