BAJAJ-AUTO LTD. has made good Support on bottom line @ 2840 Also has made Dragonfly Doji Pattern which shows some Recovery for Upside. BAJAJ-AUTO Made a good Support @2840 DRAGONFLY DOJI CANDLE PATTERN CMP @2898.20 TGT-- 2.970--3030 Stop Loss @ 2840 2-3 Days Expected {ALL MY VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
Probable rebound point is drawn. Moving in a range for some time indicating someone buying futures ! Huge call option writing suggest that the rebound will happen after reaching support and not before that !
Possible breakout of the triangle on H chart possible target is 7274-7304 Only for education
Maruti is looking good for in long side, making a pole flag pattern. Highest CE OI at 7500 | Stop below 7120.00
Maruti is Looking good above 6950-7020...If it will manage to sustain this demand zone then it may test it's next supply zones on the upper side @ 7160-7175 / 7215-7230 / 7350-7370 / 7450-7500 in 3 days to 3 weeks.
Maruti levels 2/9/2020...1hr Candle
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏
Currently is in supply zone , We can expect sudden fall from here, am expecting Maruti 6600 PE will move from 30 to 100
Maruti may give swing on the upside if it will manage to sustain above 6800. In this case it ay test it next supply zones @ 6900 and 7000.
AB=CD pattern is completed correction is expected from current levels till 6225
#maruti is now at resistance selling pressure for 2 -3 days buy opportunity when touches the lower trendline #tradethetip
NSE:MARUTI (FOR LEARNING PURPOSE ONLY) While the price is clearly forming Higher Low's,struggling to form higher high's Price still between fib 50% & 61.8% Price will fall once it breaks the rising support line or previous higher low
The daily chart shows a beautiful wedge pattern with a tilt towards upward breakout. The weekly chart has shown a MACD uptick yet again and with closing above a strong resistance with good volumes the short term perspective is bullish. Key Resistance at 6550,6620 and 6750. Key Support at 6150 and 6000 Happy trading K
Candlesticks Pattern based Description in the Chart