Sell 5770 SL 5780 Targets 5760, 5750, 5740, 5730, 5720, 5710, 5700 OR MARUTI AUG 5700 PE (147) Target 195/200
IT CAN COME UP TO 6377 ,6580 LOOK FOR HIGHER HIGH HIGHER LOW IN THIS AREA, IF FALLS TO MAKE HIGHER HIGH HIGHER LOW, THEN SHORT AROUND (6377 AND 6580 ). BE CAREFUL FOR FALSE BREAKOUT AROUNG 6600 . AND THEN SHORT AND LOOK FOR 5860 AND 5760 . STOP LOSS 6650
maruti suzuki is going through tough times and may see even more panic but as its market leader will surivive and emerge victorious although may take time but still nothing wrong to stay in it
NIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index. (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...
Cup & Handle pattern observed in Maruti. Pattern is confirmed as price has broken above 6080. Pattern suggests a target of 6260. (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...
Inverted 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...
Maruti 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...
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...
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...
Maruti 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.
NSE:MARUTI SHORT if get a bounce back at 6465 SL 6890 Target OPEN #PracticeTrade #PaperTrade #Positional
Descending 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...
With the Automobile Sector under pressure one can look for shorting opportunity if the mentioned levels are breached.
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