Key Levels for MARUTI : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5512
FIRST TARGET~5540
INTERIM RESISTANCE~5570
FINAL RESISTANCE~5602
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LOWER BREAKOUT~5461
FIRST TARGET~5438
INTERIM SUPPORT~5411
FINAL SUPPORT~5381
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Hi Traders/Investors,
last week one of my condition was so helpful for aggressive traders that it saved for going short on this scrip . Let us understand it. "if blue zone is not taken out then price will move to red zone. where price can consolidate or momentum is strong then can breach it . but short after red zone can...
Key Levels for MARUTI SUZUKI : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5480
FIRST TARGET~5567
INTERIM RESISTANCE~5690
FINAL RESISTANCE~5813
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LOWER BREAKOUT~5391
FIRST TARGET~5327
INTERIM SUPPORT~5262
FINAL SUPPORT~5187
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
This analysis is only for educational purposes, Invest at your own risk!
Resistance at 5120 INR .
Buy at current price sell bellow 5120
Place stoploss below support at 4900 INR
Maruti
Cmp 5126
On daily charts we observe 3 white soldiers candlestick pattern
Any dips towards 5080-5050 may be considered as entry opportunity
Target 5350 / 5575 / 5633 / 5820
SL Short term traders can keep SL @ 4980
Medium term play ( target 5620) - SL if closing below...
WHAT IS HAPPENING BEHIND PRICE ACTION IN MARUTI
1. See this stock has made its bottom , the process of accumulation is going on where buyers want to buy at low price by trapping sellers with the impression of maruti making new low. This hope is created by smart money for sellers. Keeping price range bound. See rally in price that is for the attraction of...
Maruti has given channel breakout and sustaining at higher levels it would be good bet if re-test 5100-5000 levels.
Targets would be around - 5400.
SL - 4800.
Maruti has formed complete cycle of 8 Waves making it part of larger Wave 1. A small correction was visible in intraday chart as wave 2. Starting of wave 3 which will be fastest and steepest for target of 5591.
Channels are price ranges that a stock or other investment trades within over a period of time.
The chart above illustrates the key aspect of channels. They can reveal potentially important price levels, from a chart analysis perspective.
Chart users attribute these signals to the psychology of individual investors attaching significance to price points that are...
