Maruti is showing a formation of Double top because Price and RSI are diverging. With volumes are decreasing. Sell below 7735 with sl of 7855 tgt 7500.
MARUTI has been in a very strong up trend throughout the year. After consolidation this stock usually has a rapid surge up. The period of consolidation seems to be over in fact the only thing blocking this move so far was the expiry yesterday in my opinion. Anyways, If the patter holds, this thing could move to 8200 relatively fast. I would probably wit for it to...
Fantastic setup on weekly charts does project some promising run in the coming days.Look to initiate longs in this counter at every possible levels as the chances of a "decent" pullback which one is expecting looks difficult.Our Trend Cross method continues to show that the trend remains intact.
Similar set up to banknifty set up in related ideas below. From 7600 to about 7730 bounce back expected in short term.
Stock in strong uptrend,made a top of 7480 and witnessed some pullback. as soon it went below 20 Day SMA, pulled back sharply to form a Hammer on daily chart. One can go long in the stock at CMP 7265 With a stop loss of today's low 7153 for a retest of 7480.
Auto sector in India has been a stellar performer for last few years. Its performance is catching up though. In general the Indian market looks ripe for a correction and in general the hardest bull is usually the hardest bear. CNXAUTO has just broken though the trend channel. Individual stocks in the sector exhibit similar trait. I small bump up would be an ideal...
On Weekly candles of multi year chart, it looks MARUTI is approaching the crucial resistance after achieving the all time highs. Buy for target of 6600 with stop loss of 6250
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It is been observed on the hourly chart that the price action firstly breaks above the triangle formation pattern with a strong big green candle and then faced resistance pressure at 6215 levels. Now, it has also broken the resistance levels, indicating buyers domination over price action. Target1: 6250 Target 2: 6290 Stoploss: 6170
Bearish Bat formation on Maruti on EOD and bearish sign for short term. Note : Please wait until the pattern get filled. Trade: Short below - 5785 Target 1 - 5650 Target 2 - 5560 Target 3 - 5465 Stop Loss - 5890 Reward Points - 320 Risk Points - 105 "Happy Trading"
While I have not checked Timewave for Maruti, but on a relative strength basis, this is quite a strong stock and is holding Nifty up! So whenever in the next Timewave Nifty starts moving up, stock traders shall buy this one. Regards, Pankaj
if Pennat formation broken to the up side then possible targets could be 5365/5515/5658
maruti has in sharp down trend because of on the top of char it created gap against gap. it has given reversal but breakout is not working. we can short at 5160 with sl of 5230 on closing basis' target 4800
maruti at tangent point of trendline pls wath this counter for sharp movement may biased view is short this counter 5190 target 4800
The breakout of ~4,750 has been retested turning into demand zone. The Pitchfork suggests support ~4,650. The view negates on a close below 4,500.
Maruti Suzuki trend strength is coming to an end, it is on the edge now 5794.60 and tomorrow if open below this level will go in trend reversal or if open up it may further go upward and can touch 6100.00, trader should cautious at this level wait for to break or upside movement.
It is been observed that the price action breaks out from the consolidation between 5765-5635 levels on hourly chart and now it is heading towards the previous Gap Up to fill the gap. Target: 5500 Stoploss: 5700