After an uptrend, it transitions from higher highs to lower highs. Drawing a trendline indicates it's ready for a breakout. Keep the stock on the watchlist and wait for the breakout. Ensure that when it breaks the trendline and undergoes a retest, that's the time to enter
"Note: I will maintain charts in a simple way. Only those with basic knowledge of technical...
At present Maruti is trading at 9951.
Maruti Can be sold below 9950 for the targets of 9809, 9410 and 8966.
If anyone wants to buy options, you can buy PE of 10000 Maruti.
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NSE:MARUTI looking bearish on weekly timeframe. For the last 4 weeks lower lows are made. If this continues then 8000-8100 levels can be seen easily. It has broken it's 50 EMA support on bigger timeframe.
Inverted Head & Shoulder Breakout
Buy Maruti Only If Price Come To 7350-7400
SL - 7099 (DCB)
Or If Give Day Close Above 7700
SL - 7430 (DCB)
Target - 8400
Maruti Suzuki India Ltd - 25.02.2022
The stock is trading @ 8356 levels
There is a SPINNING TOP in Weekly Charts
RSI is above 60 in Weekly Charts
The prices are below EMA
Let the prices go above 8484
Watch out for the price actions
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
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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
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...
NSE:MARUTI Maruti has formed triangle pattern and it has broken out upwards. Looking good for a swing trade. I have mentioned the entry, SL and targets in the chart. Trade according to your own setup and risk. Comment your views and doubts. Thank you... Happy trading...
During Diwali season we can expect auto stocks to pick momentum and safer than tata motors will be Maruti!
follow the 40-30-30 principle while accumulating it, as it's an expensive stock and we don't want to get trapped if the price goes against our view!
After the issue of semiconductor issue in auto sector , auto stocks have given a good correction. But chart indicates that the stocks are bottoming out. As always technical comes first then the news.
MARUTI
Buy-Above 6950(Add Till 6740)
Sl-6590
T-7335 7655 8000+
as all auto sectors are running but maruti showing a range moment till now,
if it breaked the upper yellow area then a huge rally will be made what if it breaked the flag trend then a short term downtrend will be there
full analysed chart is on my free VIP group message me to get in, i will freely guide you
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happy trading
god bless you all
![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 ]")
