MARUTI
Head & Shoulder Pattern Formation in MarutiMaruti has been in a Complex Head and Shoulder pattern formation since September 2018. Looks like the stock is coming out of this pattern as it moves above 8500 with high volumes.
The stock had reported its Quarterly Earnings on 25th Jan and the stock has moved +4.2% since then.
If the stock stays above 8500, it can move towards its all-time high of 10K
Maruti: Best to dip Buy..
CMP:8550.95
Upcoming Target: 8212, 9182.
After Completing W Pattern Target Now Maruti Go for Elliot Wave theory.
In Maruti can see the stock price starting to fall after the completion of the 1st Elliot wave . The downside target is 8203. The correction wave may take the 12345 pattern.
You also go for Long term buy on dip strategy with five time investment.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
MARUTI - Inverse H&S patternInverse Head & Shoulder pattern breakout.
Initial target - 9800 - 9900 (previous High)
SL - 7000
Target as Inv H&S pattern - around 11500
MARUTI ANALYSISAs we can se double inverted head and shoulder formation in MARUTI on weekly frame. we cam go long by keeping our sl just below the breakout candle around 7800. Targets are mentioned in the chart itselF.
Maruti Suzuki BreakoutMaruti Suzuki has given a big breakout in this dull and bearish market. Buy for a Target of Rs.9300 and keep a deep stop loss at Rs.8200 due to the increased volatility.
Maruti, 1DMaruti was making upper high and lowers highs for quite a long time. Breakout from channel good buying opportunity at 0.618 and pumped.
#marutisuzuki bank potential weekly inverted H&S breakout#marutisuzuki bank potential weekly inverted H&S breakout
This auto sector major potentially is breaking out of a inverted head and shoulder patter on weekly charts
The sector is one among strongest in the market as of now.
The momentum also is bullish on all timeframes alone with and ADX trend indication of rising strength.
The current multi year resistance from where price has broken out of had given stiff block on price several times
And therefore probability is more of sustaining it with a green close above it.
9988 would be next resistance zone and if the pattern works out well targets could be lot more than that.
Given the volatile market conditions keep tight stop loss below the neck line for swing or positional trades.
looking good for Marutiready for head and shoulder pattern breakout
cmp 7426
add till 7000
tgt 10000
long term
Maruti LongMaruti has made a good high with volume and price breakout. Now it may move to 10,000 as this was it's previous resistance. I think it may come again to same level and then it may brake previous high.
Time frame I can assume is of 6 months. I have kept it from already 7400 near levels as suggested by my indicator.
Follow my Youtube channel as well.
NSE:MARUTI
Maruti Short TradeTop of a rising channel
Long wick shows supply
Short at CMP for target of 7500
SL 8300
Price action shows a fall
MARUTI Intraday support and resistances 24/01/2022MARUTI intraday support and resistances for Intraday 24/ 01 /2022
Maruti about to LAUNCH like rocket!!This looks like a good setup to go long..!! iNVERTED Head and shoulder on weekly and Higher high formation.!! TIME TO GO LONG!!
Maruti facing Resistance over crucial resistance zoneThe global brokerage firm has maintained 'sell' rating on the stock with target of Rs 6,420 per share, a downside of over 25 percent from current market price.
Maruti Suzuki India share price fell over 2 percent in the morning session on January 18 after CLSA retained sell call on the stock. The scrip was trading at Rs 8,028.50, down Rs 236.20, or 2.86 percent at 10:18 hours. It touched an intraday high of Rs 8,255 and an intraday low of Rs 7,992.20.
Increase of airbags will take cost of vehicles higher by Rs 16,000, adding that Maruti would be the most impacted by an increase in airbags. 70 percent of its domestic volume is from hatchbacks and entry level sedans," it added.
MARUTI INTRADAY ANALYSISBearish divergence spotted on 30 min frame...we can short after it breaks 200ema on 30 min frame.Targets are mentioned in the chart itself.
Maruti_14% upside potentialMaruti has potential to reach 8300. Some fundamental movement happening in the stock.
View is for educational purpose only. Not a recommendation to buy or sell. Please consult your financial advisor before taking entry in the stock.
BIG NEWS FOR MARUTI - when market is concerned about its market share -- expect announcements on EV plan from Maruti soon
MARUTI : SOURCES to CNBC AWAAZ reports @deepaliranaa
Likely to disclose Electric Car plan in Vibrant Gujarat Summit
Co likely to display EV & Hybrid products in Summit
Co working on EV, Hybrid Fuel and Flexi Fuel cars
Co likely rope in Toyota for Technology, Co-Branding
Co may look to launch EV SUV on the lines of S-Cross Model
ALERT:
Toyota has EV, Hybrid Fuel technology
Maruti current cash reserve at Rs 30,000 cr, no funding required for EV projects
Maruti earlier indicated TV18 about EV car launch before 2025
=================
Japan’s Suzuki Motor Corp. (SMC), Toshiba Corp. and Denso Corp. will jointly invest ₹3,715 crore in the second phase of their battery venture in Gujarat’s Hansalpur, a confidential company presentation showed. The investment, spread over 2021-25, is part of the ₹5,000-crore corpus that Suzuki announced in October 2019 to build India’s first lithium-ion battery manufacturing plant for EVs.
Maruti Jackpot (Pending)If you can see the graph I have tried to do 3 year - 1 year & 1 month analysis with volumes, on the three year chart-
1. Maruti is closing near to it's 3 year resistance & today breaking it with a bullish candle, also an Inverted HNS pattern has been formed which signals bullish move,
2. on yearly chart - vague double bottom is formed in last few months which too signals bullish move &
3. finally Volumes- they haven't been fairly convincing but according to HNS pattern volumes are low during right shoulder but after complete pattern formation - we can expect higher volumes with bullish momentum,
Expecting 10K for Maruti soon ( reviving back its old position :)
( yeah the technical indicators of Maruti are signalling STRONG BUY
MARUTI #Watchlist
#MARUTI (W):- CMP 8336 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
MARUTINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Maruti Suzuki India Ltd - 07.01.2022Maruti Suzuki India Ltd - 07.01.2022
The stock is trading @ 7906 levels
The prices are above EMA
There is a Head & Shoulders Candle Formation in Monthly Chart with a neckline @ 7500 levels
There is a SPINNING TOP in daily chart
Stochastic is overbought in Daily Chart
RSI is overbought in Hourly Chart
Watch out for the price action
MARUTI - INVERSE HEAD & SHOULDER PATTERNAuto Giant has nicely formed inverse head and should pattern on sustaining above 8000+ level. next target would be 9300/9800/10000
Maruthi Small Breakout for Option TradersYoo .. hello here's a small opportunity for option traders in maruthi it's already a break out in day candle it will break in 15 min for selling wait and take your trade
