MARUTI
Maruti | Inverted Head & ShoulderInverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Maruti | Bear FlagMaruti breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 5990. Round number of 6000 too had been breached. Target of the pattern comes in at 5415. With all the weakness surrounding the Auto sector, target seems to be well within reach. Even higher time frame analysis (attached below for reference) indicates same sentiment.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Maruti : Will continue its Uptrend ?? Or it will Break ??NSE:MARUTI
All Motor sector stocks are in Down Trend for past 1 Year(As per Day Chart). Maruti haven't Break its Lifetime support Line yet (As per 5 Year Chart) Which is mentioned in chart. It may Stop and Continue its uptrend once touch its support line. But i expect it will Break its support line and head near to 5250 Zone. I will give same percentage for both continuing uptrend and breaking support line 50/50. Traders be Cautious while having position in Maruti.
Maruti - At Crucial Support Currently, the price action failed to cross above the initial resistance level of 6650-6670 (indicating continuation of prevailing down trend) and came back down to test the previous strong and crucial support. Now, if the price action got further weaker then it may break the crucial support range and goes further down to 6000 levels. It shall be the continuation of the prevailing down trend as previous trend is forming Lower Highs and Lower Lows. Keep a watch on closing of the price action and if it goes below support, be prepared to short it.
Target: 6000
Stoploss: 6650
Risk Reward: (1:4)
Maruti : Trade rangeMaruti has been continuously trading in range of 6300-7200. Today also counter took support at at 6360 and then bounced back to close above 5 day EMA. RSI also bounced from 30. CCI is still in oversold zone but cross over signal has not taken place. Volume was decent with bullish engulfing candle.
Buy in dip at 6565 with stop loss below 6400 for target 6870.
Maruti #PracticeTradeNSE:MARUTI
SHORT if get a bounce back at 6465
SL 6890 Target OPEN
#PracticeTrade
#PaperTrade
#Positional
MARUTI | Descending Triangle observedDescending Triangle pattern spotted in Maruti. Depth of pattern looks to originate from 7950 towards the base of 6500, forming a considerable 1450 points. Pattern could be considered valid once the price closes below 6500. Further, if the pattern is confirmed technical target would be at 5050 based on the pattern. That accounts for a fall of 22% from 6500. Hence 6500 is a very critical level for the stock.
Descending Triangle (Maruti)With the Automobile Sector under pressure one can look for shorting opportunity if the mentioned levels are breached.
MARUTI CMP 6585 BUY BREAKOUT ABOVE 6800 FOR NONSTOP TARGET 7450+MARUTI CMP 6585 BUY BREAKOUT IF THEN PRICE ABOVE 6800 FOR NONSTOP TARGET 7450+++
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MARUTI - Short SELLMARUTI - short from current level; as 200 H-DMA breaks and Sales growth also decreases. target marked below.
Maruti testing the medium SUPP levels of 6800-20. Wait & Watch!Maruti testing the medium SUPP levels of 6800-20. Wait & Watch!
Automobile Sector - Leading and Outperforming Companies (3)As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts (Tractors)
4. Maruti (Cars)
5. Eicher Motors /Hero Motorcorp (Motorcycles)
They above listed have consistent profits, good growth and almost no debt.
Maruti looking weakA decisive break below 6900 can easily take it down to 6500. S&R levels mentioned in chart.
MARUTI : BUYAs you can see from the chart, Maruti has been nouning from 6400-6500 rage and then reaches minimum to 7320-7350 range. It has already happened 3 times. On hourly chart, 20 EMA crosses over 50 EMA (pink arrow) and then we see a steep rally ( in all 3 instances). Volumes have been good in all past rallies and current rally. MACD is showing overbought but that was the case in past rallies too but counter continued its upward journey.7150-7160 is a resistance zone. One can buy stock either in dip around 7000 (SL 6880) or above 7155 (SL 7050) for target of 7340 & 7400.
Looks like turmoil has begun in Maruti- Maruti has broken its strong support zone at 6500
- Volume doesn't seem to drop anytime sooner
- Looks like there is more downside, which can reach to levels of 6000
Maruti Suzuki trade set-uppositional short sell trade
maruti looks weak for atleast next 5/7 trading days .
Maruti : More Fall is on card.Maruti has broken major support of 6900 and now trading at 6880. Stochastic is in oversold zone but not has moved above the signal line. RSI has shown positive divergence on hourly chart post which Maruti jumped Rs 150 in 2nd last hour of today's trading but counter couldn't hold upside move and fell with heavy volume. Next support is 6780 which looks like imminent with upside capped at 6950. For tomorrow strategy would to short on small bounce around 6900-6920 with stop loss above 6960 for target 6780. Overall 6550 is the major support on daily closing below which it can break previous low of 6315.
