Maruti 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 levels...17/11/2020 (1hr Candle)
Maruti has tested the base multiple times and reversed. Strong base formed. NSE:MARUTI I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
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 If you like the analysis, do leave a like and follow for more...
#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 FOR INTRADAY 04/11/2020 TRADE WITH STRICT STOP-LOSS AND FOLLOW RISK MANAGEMENT
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 ! LIKE if works ! COMMENT your view !
LTP 7105 Target - 7370 Support - 6860 Book profit/loss if it breaks the trendline for immediate outcome.
We 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...
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.
Do your own homework to take a trade on this.