MarutiAnother Auto Stock which is looking quite fantastic is Maruti, if we draw Fib level downwards since dec2017, will find it has come above 0.50 level, which is a sign of reversal and going bullish, again best time was in march to buy at EMA200, however gave a good breakout on 23jun from consolidation phase, looking for immediate target 10000, 14000 (by end of financial year) and 3rd target around 30000 may be in couple of years, so one of the best stock to start SIP on regular basis.
MARUTI
Maruti Chart Analysis !!📈 Maruti 📉
My Findings :-
1. Breakout from a Resistance Zone.
2. Double Bottom Formation.
3. Higher High and Higher Low formation.
Bias- Long
Target- 8210, 8697 and 8952
SL- 7350
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermMARUTI SUZUKI
Stock on daily chart formed bullish Adam-Eve pattern followed by Double bottom pattern
Also give trendline breakout in last trading day & closed above all EMA.
Buy above 7950 for Intraday target of 0.6-1%
Also further add above 8000 levels for swing targets of 8200/8350
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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YR 2022 Idea #49: Long on MARUTI This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Maruti preparing for a nice moment.Maruti preparing for a blast as its 20 and 200 ema is narrowing.
On 60 minute time frame, the stock looks bullish as it has closed above its 200 ema.
Support :- 7400, 7250,7030
Resistance :- 7715, 7880-7900
Wait for the price action for confirmation and let the price sustain above/below the levels.
MARUTI tgt on 37% upside. tgt 10650INRMARUTI tgt 9000 coming soon in 2022.
bullish engulfing on daily candle.
I predict future values with technical analysis for wide selection of stocks like Maruti Suzuki India Limited (MARUTI). If you are looking for stocks with good return, Maruti Suzuki India Limited can be a profitable investment option. Maruti Suzuki India Limited quote is equal to 7670.000 INR at 2022-04-02. Based on our forecasts, a long-term increase is expected, the "MARUTI" stock price prognosis is around 10650 INR Levels in 2022 itself which is based on weekly forcast.
MARUTI BIG TIME BREAKOUT + RETESTMaruti has given a long awaited breakout after 6 months and with a strong bullish candle failing which have been a possible double top formation.
9 ema is acting as current support
Successful retest done
RSI in bullish zone
MACD above signal line.
BUY ABOVE - 8600
Targets mentioned in the chart above
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