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Sell below 4970 for 4400, SL-5100 Buy above 5100 for 5600, SL 4970 Looking at MACD seems it would bearish for short term.
Maruti at critical support zone around 5100 to 5000. Breakout in Nifty direction expected one can sell below 4900 and buy above 5200 for respective targets.
fundamentals are no where good for this industry I personally wont buy anthing just because its a deep iscount wait for business to overcome and do required shift for its growth wait and watch as an investor as a trader sell on rise
Enter Long Position in Maruti Suzuki above 5735 On a daily chart, Maruti Suzuki looks good above 5735. Should wait to enter long position till it gives clear signal. Right now, looks bearish Support at 4945 Resistance at 5650
Maruti may reach 5679 next week. PS|: Result announcement of maruti is there in next week. since their sales is less, we can expect some price drop over there
It has been observed that the price action breaking above the nearest resistance of 5400 level. Once the price action closes above 5400 on daily chart then the price action may further excel and reach towards 5800-6000 levels. T1- 5750 T2- 5900 SL- 5200 Note a close above 5400 is required to confirm further excel in the price action.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. R:R is 12-15 times.
Maruthi is at corrective phase, and will reach 3051 after short bullish move. Want daily, monthly, weekly, hourly, minutes view ?, PM me for details
Maruti is very likely to break 4000 levels in coming weeks . I would like to go short on maruti arud 4050-4100 range with a buy in maruti 4000 call @350 arud .. My view is if it breaks 4000 , it can touch 3200-3300 levels so in above hedging i have booked loss of 300 with profit unlimited .. HAPPY TRADING
1.618 LEVEL IS CURRENT SUPPORT BUT IT WILL BE BREACHED BELOW 3962 THEN NEXT LEVEL IS 2.24 HARMONIC
Head and shoulder formation for Nifty auto
Maruti Suzuki support is seen at 4685.6.
Maruti back from its fib level in last trading session and now between in two major zones... Buy above 6450 Bullish for 6500, 6555,6700 Sell below 6240 bearish 6180,6120,6000 Critical Zone- 6240-6450(sidways) *All views only for Educational purpose, Trade @ your own Risk.