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Marutiforecast

Maruti | Cup & HandleCup & Handle pattern observed in Maruti. Pattern is confirmed as price has broken above 6080. Pattern suggests a target of 6260. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:MARUTILong
by AkhilSuryaFS
1
Maruti | Inverted Head & ShoulderInverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:MARUTI
by AkhilSuryaFS
2
Maruti | Bear FlagMaruti breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 5990. Round number of 6000 too had been breached. Target of the pattern comes in at 5415. With all the weakness surrounding the Auto sector, target seems to be well within reach. Even higher time frame analysis (attached below for reference) indicates same sentiment. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:MARUTI
by AkhilSuryaFS
MARUTI - STRATEGY FOR SWING TRADERS!- LONG TERM INSIGHT! HIGHLIGHTS: 1. Successfully hit 0.618 Fibonacci level(also the R1 of the pivot). 2. Currently hanging at the 0.382 Fib level. 3. Price closed under MA(26): 7059 - good bearish indication. 4. Hidden Bearish divergence on RSI. 5. Expecting a fall to the central pivot(6829). 6. If the pivot hold, then LONG positions can be opened till the 0.382 fib level or till the price reacts with the downtrend line. 7. Break down from the pivot will cause it to fall further towards 0.236 fib level or even the last important swing low. In that case, SHORT positions can be taken. 8. Overall trend is Bearish. 9. Always use a Stop loss. Marked swing & pivot points, trend line and Fibonacci level can be used for trading. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
NSE:MARUTI
by johntradingwick