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...
#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.
Note:
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...
Maruti 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
Yoo .. 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
Although the chart is self-explanatory, Yet to see in the coming session, if the stock retraces up to around 7200 levels, then it will be a good price to enter in a long position.
This is learning and sharing purposes, not a bit trading recommendation.
Please comment with your views.
All the best.
*educational purpose only
maruti looks good for this week
buying zone between 7325 and 7375
support is at 7000
resistance is at 7950+ followed by 8300+
MARUTI important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NSE:MARUTI
Observations:
1) On 1day time frame,it has bounce from 200DMA and now trading below 50DMA.
50DMA is immediate resistance.
50DMA is placed at 7493.41. We can say that range of 7490-7500 will be immediate resistance zone.
Please refer below chart : 1day Time Frame.
2) Also on 1day time frame, it has made double bottom pattern.
Major...
the stock recently broke its life high
ie a multiyear breakout seen after 3 years .
with a risk of average 20 % approx (which is least if considered a period of 1 year _) for a target not less than 50 -55 %
i see the structure is nothing wrong and the stock ideally should perform
Incorporated in 1986, Bharat Seats Limited (BSL) is a joint-venture (JV) between the Indian promoters Relan Group (25.9%), Maruti Suzuki India Limited (14.81%) and Suzuki Motors Corporation (14.81%) involved in manufacturing of cars seats floor carpets for MSIL and two-wheeler seats for Suzuki Motorcycle India Private Limited (SMIPL). BSL is promoted by Mr....
Maruti is trying to prepare for its move. Every retracement coming upper levels is higher than the previous. Bulls are alive and have been accumulating this stock at the lower levels. Maruti could potentially have an ascending triangle breakout. The previous one has been turned into a failure.
Keep this stock on your watchlist for trading and investment.
I hope you can now see how Maruti represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
NIFTY 50 EOD ANALYSIS 17-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17939.35
H 18022.65
L 17879.25
C 17898.65
EOD --100.55 points / -0.56%
SGX Nifty 17-11-21...
![MARUTI: Simple Trade Setup | MARUTI | 13-12-2021 [ INTRADAY ]](https://s3.tradingview.com/y/YyZwzPpS_mid.png "Simple Trade Setup | MARUTI | 13-12-2021 [ INTRADAY ]")
