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Marutilongtermview

Weekly analysis of Maruti Suzuki (08/08/22).Maruti on the weekly time frame has formed a gravestone doji and respected the trendline that it has been following from April 2019. The stock is trading in the parallel channel and there is a resistance area formed by the previous high. In the last 2 months, the stock has gained around 15% and the double trend line rejection can be a signal of shorting maruti. The stock has been taking support from its 20 DMA and is trading just above the moving average. Gravestone doji with a high volume confirms a shorting opporunity in the stock. There are 4 green candle on the monthly analysis and in the first week of the month is has formed a nice shorting signal. Support :- 8850, 8377 Resistance :- 8970, 9530 If the daily candle closed below the 20 DMA, maruti is short upto the level of 8400. Otherwise, wait for the weekly close and take targets of the moving averages.
NSE:MARUTIShort
by Mambotrade
MARUTI BIG TIME BREAKOUT + RETESTMaruti 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. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:MARUTILong
by this_is_shoaib
MARUTI IS SHOWING STRENGTH IS IT REAL SEE YOURSELF !! WHAT IS HAPPENING BEHIND PRICE ACTION IN MARUTI 1. See this stock has made its bottom , the process of accumulation is going on where buyers want to buy at low price by trapping sellers with the impression of maruti making new low. This hope is created by smart money for sellers. Keeping price range bound. See rally in price that is for the attraction of sellers to short the stock so that price can come down . I find this phase very interesting in any scrip .Always buy at lower end of range because when this process will get over then good rally will welcome your positions of buy. Investors should adopt this strategy. This happens in all stocks. Reliance remained me in that process of re -accumulation for may years keeping price range bound. See now what speed of gains. So in this sort of structure one should invest for good returns . 2. I made a blue zone upper side where price is trading. That is real resistance . It not taken out , old followers know that new should visit to see my analysis of Asian paints where I mentioned it. Attaching for your consideration.Then price will move to red support zone. If trader is short then shorts be booked here. To open new shorts when this red support zone is taken out then with the sl of zone go short with the target of white support. This is how one should trade in this scrip in coming days. 3. On other side If blue zone is taken out then long with the sl of blue zone. Investors should wait for price to come near white support. If this upper blue zone remains resistance then this process will take one to three months to come out of accumulation phase. In my style of trading and investments I follow conditions properly. Same expected to all who wants to trade or invest in this stock. I do not use conventional method of sl, entry and target to share with traders. I manifest complete trade with conditions to make people trading easy. Rest market will decide. Note. All investments and trading should be done with the consultancy of your financial advisor. YOGESH VATS
NSE:MARUTIShort
by yvatsji
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