Buy above 8739
in option Buy 8700 CE when it crosses above 8739.
SL-8685 , Target1-8814, Target2 -8891
Short Below 8664, in option BUY 8700 PE
when it crosses down below 8664. SL-8729 Target1-8612 Target2 -8541
📈 Maruti 📉
My Findings :-
1. Breakout from a Resistance Zone.
2. Double Bottom Formation.
3. Higher High and Higher Low formation.
Target- 8210, 8697 and 8952
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any...
Maruti preparing for a blast as its 20 and 200 ema is narrowing.
On 60 minute time frame, the stock looks bullish as it has closed above its 200 ema.
Support :- 7400, 7250,7030
Resistance :- 7715, 7880-7900
Wait for the price action for confirmation and let the price sustain above/below the levels.
Maruti is coming towards its strong support zone 6950 - 6800 and looking good to buy for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
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
Please LIKE, COMMENT and SHARE to motivate and support me....
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
Upcoming Target: 8212, 9182.
After Completing W Pattern Target Now Maruti Go for Elliot Wave theory.
In Maruti can see the stock price starting to fall after the completion of the 1st Elliot wave . The downside target is 8203. The correction wave may take the 12345 pattern.
You also go for Long term buy on dip strategy with five time...
Maruti 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 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...
Maruti'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...
Maruti, 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...
In today's session, Maruti Suzuki gives breakout of the wedge pattern. If this stock sustain above 7340 level then expected it will give target 8330+ in short term period. During this rally this stock may be face immediate resistance at 7660 level which is our initial target. Small correction chances from this level. We can initiate this position with short term...
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.
Buy-Above 6950(Add Till 6740)
T-7335 7655 8000+