MARUTI simply trending ABOVE ^ Trend line support is around 5750, Resistance around 6000. If stays above 6000 we may see level of 6245 in the near term. Updated :20 July 2020 8.00am. Disclaimer: Only for learning purpose.
Nice breakout with vol on Maruti if sustain next target would be 6444. If any case stock went down than good to buy on marked supply zone. Invalid below 6100.
Keep eye waiting for the breakout
Maruti is expected to take a small pull back downwards till 5870. So Start taking positions from 5945-5920-5895-5870 (Start taking positions from higher price, so that you do not miss the chance of entry in case price shoots high suddenly). The Maruti is expected to touch 6420. A very small percentage of your allocation can also be invested at current price around...
#MARUTI is trading in a Rising Wedge pattern for last 4 months. It touched the support line last week around 5750 & rising since then. Although it should go towards the resistance line of the wedge around 6400, lack of momentum may put obstacles. Still the stock looks to be going towards 6125. It can be bought above 5960 for targets of 6040-6100 with a stop of 5885.
1. Head and shoulder spotted 2. Neckline drawn 3. prepared to trade once it is broken 4. Neckline break might also break a wedge on the downside
Daily chart could see a breakthrough make way for short selling.
Expected a quick move like its best seller SWIFT
Maruti has been moving in an uptrend channel. Currently its in consolidation phase on this smaller time frame where price drifted down to 5885 zone. It may retest this level again before breaking out of the trend line for a target of 6025-6050. 1. Let the price settle down in the 5885 zone or lower before taking trade. 2. If price opens with a gap above trend...
If candle crossed this resistance trendline and continues taking support near by support trendline than Maruti good to buy. Or might take support on support zone which marked with red lines. RSI 50 plus & NIFTY is coming on bullish mode so chances are high for upside.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hi Traders, 1. On 14th June 2020, I mentioned in that post is quoting for your consideration " I circled the candlestick pattern called piercing. The psychology behind it is very much clear that bulls found that price lucrative as on support zone .so they came and bought aggressively closing price days high. Novice traders seeing this pattern...
Hi traders/Investors , Last week I shared few scrips movements and now compare them with this week move . Whether this amateur and non professional analyst can make people earn money or not . This is the statement of only one of my respected trollers who himself is not able to publish a single idea on platform but very eager to...