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. MARUTI Buy-Above 6950(Add Till 6740) Sl-6590 T-7335 7655 8000+
Bearish Head & Shoulder indicating downward trend. There was already a bearish triangle pattern i found last week and now this bearish head and shoulder pattern is confirming down trend. One can short Maruti for a target of ₹ 5800 with a stop loss of 6800
Maruti P/E 49.36 Sectoral Index P/E 221.12 Maruti Suzuki India Ltd is planning to increase production by 200 cars per day from near month, two people aware of the company’s plans said, as the country’s largest carmaker bets that demand for personal mobility will continue amid the resurgence of the pandemic. The increase in output will take the daily production...
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...
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. ...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a wedge pattern breakout in Maruti. Similar breakout is seen in RSI as well. RSI nearing neutral - bullish zone of 50. SL: 6250₹
Buy above 8000 for the targets of 8170, 8280, and more until 7835 is saved on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
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...
It looks good for buy after successful breakout so keep eye on this stock
MARUTI simply trending ABOVE ^ Trend line support is around 5750, Resistance around 6000. If stays above 6000 we may see level of 6245 in the near term. Updated :20 July 2020 8.00am. Disclaimer: Only for learning purpose.
Expected a quick move like its best seller SWIFT
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...
Long NSE:MARUTI 5220-5150 zone for TGT 5700/6000/6100 View negated below 5150 on closing basis
1.Maruti has broken the important resistance of 6500 2.Retested the 6500 level after break 3.Bullish flag pattern is formed on 4 Hour chart 4.HH and HL pattern on daily chart 5.Price closed above 200 EMA on daily Chart 6. Risk Reward is 1:2 Buy at 6790-6750 Stoploss 6470 Target 7400