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MARUTI

Simple Trade Setup | MARUTI |26-10-2021 [ INTRADAY]NSE:MARUTI I am posting this as one of the follower requested. Observations: 1) On 1 Day time frame, we can see that it is near its 100DMA and also critical supprot range 7165 - 7200. There are chance that it will take support from this range. If it breaksdown and closes below then it will show weakness. Please refer below chart : 1day Time Frame. 2) Also on daily time frame, if we apply FIB retracement from recent uptrend then we can see that the 61.80% level (7177-7178 level) is falling under the the 7165-7200 level range. If it works as support then we can see bounce back. Please refer below chart : 1day Time Frame. 3) On 15min time frame, we can see a bullish divergence. As price is making almost flat lows while RSI is making higher lows. Tomorrow we might see a sudden upmove. But it may or may not sustain, it may have a followup of profit booking as well. Please refer below chart : 15min Time Frame. ------------------------------------- All the levels and most of the trade setup still remains the same as per previous. Trade Setup for Date 26-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:MARUTI
by Trading_hawk
MARUTI SUZUKI PRICE ACTION ANALYSIS. LONG IDEAMaruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ. This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ). We can also a downtrend line is broken, but for confirmation wait until the price breaks the supply zone. Any rejection from the supply zone might throw the price near the demand zone. Buying from a PRZ gives us a high risk-reward ratio. The stop loss and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:MARUTILong
by Sanjan91
MARUTIMaruti, after consolidation phase of wave 2, this stock has given breakout from resistance trendline along with good intensity of volume, with upper bbc in both weekly and daily time frames, wave structure suggests that wave 1 and 2 has been completed and now wave 3 has been started, as wave 3 unfolds price can show the bigger levels of all time high in this stock, this can take months to play out but we have started an uptrend for the sector, we can face next resistance at 7964, 8400 and 9520 levels, one can go long at these levels or in dips ( if any ) with mentioned key levels. wave structure and key levels are mentioned on chart macd in weekly positive crossover uptick above zero line macd in daily positive crossover uptick above zero line rsi in weekly uptick above 60+ rsi in daily above 60 and near 70. dmi adx in weekly positive ungali dmi adx in daily positive weekly near bbc daily upper bbc Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:MARUTILong
by RK_Chaarts
2
Maruti Suzuki is at an important level to go up or down …. Maruti Suzuki is at an important level to go up or down …. Reasons/Traits : • Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up) • Currently at 6781 … retest level to go up or down • 5 EMA is crossing 20 EMA from bottom • ADX is indicating strong trend What can happen next : Scenario 1 : If retest of 6781 is successful then price can go up to 7320/7650 to complete retracement Scenario 2 : If retest is a failure then price can dip to 6590/6360 levels 6800 is an important level, let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:MARUTI
by AdhigamaTrading
1
INFOSYS drags NIFTY while BANK NIFTY hits new ATHNIFTY 50 EOD ANALYSIS -27-09-21 IN SUMMARY O / H / L / C 17932.2 / 17943.5 / 17,802.90 / 17,855.10 H-L = 141 points VIX 18.05 / +6.68% FII DII: +803 Crores SGX NIFTY @1917H - 17825 / -30 points Likely open: Flat to mild positive. 17850-900 is the next hurdle. CHART BASED CONCLUSIONS - 15 M Chart A gap-up opening was held for a while but NIFTY failed to even retest the ATH hit on last Friday and then gradually sold off led by INFOSYS and TCS. It then never retested 17900 levels as the selling pressure was intense amidst increasing VIX. NIFTY made a lower high and a lower low. NIFTY ended the day flat. NIFTY WEIGHT LIFTERS & DRAGGERS NIFTY LIFTERS NIFTY DRAGGERS RELIANCE 6.00 INFOSYS 6.00 HDFC BANK 4.00 BAJAJ FINSERV 3.00 MARUTI 2.00 HCL TECH 3.00 ICICI BANK 2.00 DIVIS LABS 2.00 TATA MOTORS 2.00 TCS 1.00 16.00 15.00 Lifter - Draggers = +1 POSITIVES NIFTY held 17850 levels on a closing basis and 17800 as a good support level. MARUTI & TATAT MOTORS made a strong bounce back from the slumber - especially MARUTI. It rose 6%+. HDFC BANK and RELIANCE consolidated moved up on a closing basis. BANK NIFTY outperformed NIFTY and hit a new ATH and also closed at a new ATH. NEGATIVES A significant increase in VIX is of concern indicating likely choppiness as well as wild swings in the Indices. INFOSYS did not recover at all during the day after the fall. Even AXIS BANK somehow got influenced by the negative sentiment in NIFTY despite its parent index being strong. TRADING RANGE FOR THE REMAINDER OF THE WEEK: NIFTY 17500-18100 BANK NIFTY 37200-38500-800. INSIGHTS / OBSERVATIONS I had bought 17800 CE when NIFTY turned up after hitting P Close at 17853. The premium paid was 154. The day end was flat and the premium for the day was at 138. 17800 CE is an ITM CE at the close and was so when I bought. Despite this, I lost at least 16 points even when VIX was up by 6.68%! This is puzzling. MARUTI shot up by 6%+ and yet had almost zero impact on NIFTY which is surprising. I have not seen such an imbalance for a long time. What do you feel about this? Thank you, and Happy Money Making! Umesh 27-09-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT