Maruti 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 Please LIKE, COMMENT and SHARE to motivate and support me....
The Vital Resistance Level of Rs 8355 has been Broken in Maruti which makes this level a chance to enter Long with a target of 9498. The time Period is One month. RSI 13 is also gaining momentum and may cross into sweet 60 Level. Earnings are also expected and One can expect a positive surprise in the Results. Stoploss can be kept at 8300.
MARUTI CMP: 8603 Highest volume in 3 months. Ready for 5 digit?
Maruti 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
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...
Inverse Head & Shoulder pattern breakout. Initial target - 9800 - 9900 (previous High) SL - 7000 Target as Inv H&S pattern - around 11500
As 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 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 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 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...
ready for head and shoulder pattern breakout cmp 7426 add till 7000 tgt 10000 long term
Maruti 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
Top 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 for Intraday 24/ 01 /2022
This looks like a good setup to go long..!! iNVERTED Head and shoulder on weekly and Higher high formation.!! TIME TO GO LONG!!
The 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...
Bearish divergence spotted on 30 min frame...we can short after it breaks 200ema on 30 min frame.Targets are mentioned in the chart itself.