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Marutilong

#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..
NSE:MARUTI
by Munchkunster
MARUTI : Head & Shoulder Rejection.Positive Bias : Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it sustained above @6855 level. . Points to be Note (Technical + Fundamental) 1. Head & Shoulder pattern formation.\ 2. Anticipated rejection at level 7060 due to increased in sales. 3. Sales soars, Decreased in profits no issues why? Cash flow has been increased in investing activities, Reserves has been increased by impressive numbers. 4. Secondary trend Retracement are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs. . Le me know in comment section what's your views on this? NSE:MARUTI
NSE:MARUTILong
by rajveerscolia
Maruti 50% upside (target = 11,000) Date: 28 Dec 2020 Maruti Suzuki (CMP: 7,483) Chart Time Frame: Weekly Chart a) Maruti has formed an Inverse Head and Shoulder pattern on a weekly basis. b) Stock price is sustaining above all its 'Weekly Exponential Moving Averages' - 10 WMA, 20 WMA, 50 WMA & 200 WMA. c) The average Volume has increased more than double since the formation of Inverse H&A started taking shape. d) During the left shoulder formation RSI was little over 30 level of oversold zone. However, during the right shoulder formation the RSI was well above 50 level indicating a strong bullish level formation. With such a strong setup it is a perfect time to go long on Maruti Suzuki for 2 years. You can get 50% return in Maruti during this period. Target = 11,000. Stop Loss = 6,000.
NSE:MARUTILong
by Mayur_Undale
IS MARUTI READY TO CHANGE BUY MODE TO DOWN SIDE OR RANGE BOUND Hi Traders, 1. On 14th June 2020, I mentioned in that post is quoting for your consideration " I circled the candlestick pattern called piercing. The psychology behind it is very much clear that bulls found that price lucrative as on support zone .so they came and bought aggressively closing price days high. Novice traders seeing this pattern will jump into long side buy positions. But intelligent will wait for next day trade to find out whether the entry is of weak bulls or really strong. In fact, this pattern is Warning for short traders to cover their shorts. Those who do not later part can be painful to them. Every candle speaks else you know its psychology behind it. I am not saying you just go and take long next day. with this candle, the price to reward is not comfortable. So let the price make it comfortable by coming to the red dotted line Then buy with the sl of bull candle low. I do not recommend this trade but aggressive nature can take this. I will like to trade when the price gets activated on the next day by closing above a bull candle. Here is also a problem If the next day is also good momentum day to the upside and take price away from the upper end of the blue zone then also risk-reward will not match. so in that case you will have to buy when blue zone lower end is breached upside and price stay above this level for 30 mins then can go long with sl of a red dotted line. Once price will stable upside then in next week lower end of the white zone is my target." . You can see word to word if you match the movement of this stock you will find the same. I told to let the price gets stable then buy, do not jump aggressively. See price took two days to get stable by making two Doji then on the third day started the rally. As shared lower end of the white zone is my target. That has not been achieved. To understand this quotation with current pice, I set a previous chart for comparison. 2. In the current fig. price is at the blue zone if the lower band is taken out in 4 hr time frame then it can go into a red dotted and blue dotted line zone. Positional orders should hold their positional long until this zone is taken out in 1 hr taken out. 3. On the contrary, if the price is taken out of a yellow dotted zone then it can go to the upper end of the red channel upper band. This would be the final target of this stock. 4. On the other side, If the price takes out of a lower blue and red dotted zone price will come to the red lower zone. 5. In any case, If the lower red zone is taken out in the 4-hour zone time frame then uptrend will change to the downside. Those who are new readers of my blogs for them I share taken out condition how to implement is as follows:- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. . The rest price is supreme. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This is for educational purposes only.
NSE:MARUTI
by yvatsji
6
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