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
Marutiforecast
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
Simple Trade Setup | MARUTI | 13-12-2021 [ INTRADAY ]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 breakout is still above 7500 level and safe breakout is above 7530 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 13-12-2021
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.
Maruti Long for short time frameI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
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.
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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.
Maruti Suzuki - Ready to move upNSE: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...
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
Maruti Suzuki Fined 200 Cr by CCI - Gap Down expectedAutomobile sector is already suffering from semiconductor chip shortage in general. The latest 200 Cr Fine by Competition Commission of India on Maruti Suzuki definitely doesnt help the company. I have used Fibonacci Pivot Points to set a target - Take 70% at S2 and Rest 30% at S1, The Stop Loss has been set at the recent high candle.
Happy Trading!
This is not a Financial Advice, Please consult your Financial Advisor before placing trades.
MARUTI GOOD bullish formationMaruti spot cmp 7200
Time frame :- 240 mins
.
Study :- Elliot wave
Counter have given reversal from maturity levels of corrective wave 4, now if wave 5 unfolds can give good upmove,,,
Rsi have given breakout from falling trend line
Macd on verge to give positive crossover,,
Hidden bullish divergence seen in both indicators where price making higher low and Indicators making lower low,,
FAlling parallel channel formation in wave 4,, once price breakout is confirmed from this parallel channel good short covering can be seen in counter,,
Panic low done in price with highest volume in whole swing,, low of the panic selling not broken ,, means follow through selling is missing and all the traders are on one side of the trade ,, no more left to go short in this counter,, now on reversal all will be forced to cover their shorts..
Good bullish formation for the counter
#MARUTI...Inverted H&S BO has happened but can you make money??As can be seen an inverted H&S pattern was forming on the daily charts and a BO has happened...
Now many analysts here will show you a view of this pattern, maybe RSI/MACD numbers, and tell you how there is a huge upside to buying this stock right now..how you can earn 20% profits in a few months.. I am not saying they are wrong but I am not as confident as them about this trade...
Hear me out ...
These analysts fail to notice the thick multiyear resistance/support band just above the inverted H&S pattern... In my opinion it is going to give trouble in short term..and any who buy arnd 7300-7500 in the hopes of stock going up soon maybe disappointed...
If you are experienced and you know what you are doing .. Then go ahead and put your money in..
But if you are one of those people who took it as an investing tip from analysts here and do not know TA yourself..hold off...and only invest after daily candle closes above 7700 and retest of band happens...Yes you will make less money than most risk taking traders but you stand to lose less money too...
Remember, Multiyear resistance BO>=Weekly Pattern BO>=Daily Pattern BO...
Also note the inverted H&S forming in long term.. scroll chart left...
Can be seen better on weekly/monthly timeframes..
This is obviously my sole view .. you can choose to agree/disagree..TA always indicate the price movement and doesn't guarantee it.. However I strongly feel about what I said so keep an eye..
MARUTI - Logic and plan in detail 🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟
✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel
✺Plan
✣Let it Breakout all the trendlines mentioned in the Logic section then go for a long as I would have done that according to my RR ratio
✣Above 7500 the stock might touch 8000 again and might even go higher
✣Risk: Stoploss can be either BO candles low or if you have patience then you can go for the swing low that is - 6800 ( might be 10% from your buying spot, but the reward will be = 10% to 12% at 8000 to 8200 supply zones )
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Maruti Ready for 7000Hello traders,
MARUTI Suzuki is getting ready for the 7000 rocket launch!
Just in a matter of 3 to 4 trading weeks.
Positive news over Maruti in the auto industry gives a better push to reach the expected level (7300)
Equity buyers can buy at the current level at wait for another 2 weeks or beautiful results!
For F&O is a new month for you guys!
So, plan accordingly with your risk management techniques and diversification of stocks.
Option Buyers can enter at between 6960 to 6989 levels , expected to reach 7300 in few weeks.
Follow the page for more sure shots stocks !!
The given details for educational purpose only, am not SEBI registered advisor.
Maruti - Weekly (Long) And Daily (Short) Time Frame AnalysisHi Folks,
Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd.
The 2nd of one smaller degree seems to be brewing now.
When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd seems to have got completed at 23.6% (7152) and we may be in the B wave up and the ensuing C wave may move down towards 38.2% retracement (6673), 50% retracement (6162) or even 61.8% retracement (5651) after which it will acquire wings to take it's flight for a 3rd of 3rd!!
Note : This view would be invalidated if the price crosses resistances 7880, 8080, 8330 with force.
Happy Investing !!