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
The stock has formed a head & shoulders pattern and expected to move towards 6150 levels.
I analyzed Maruti a few days back and mentioned the target of 7000 and the stock is almost there.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The stock has formed double top pattern and near the trend line, It may travel towards 7000 if sustains below today's low.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
Haribol
Maruti has broken the support trend line , Longer term is bearish , Sellers have tried to step in , It may be good decision to Sit with the Bear this time.
Good Luck
Maruti Sell Below 6170 Stoploss 6205 Target 6088-6000 Resons For Trade- 1.Price near to 15 minute channel resistance 2. Price near daily resistance of 6200 3.Weak Candlstick pattern on 4 Hour Chart 4.Daily Trend is Down 5. Risk Reward is 1:2
Descending Triangle pattern spotted in Maruti. Depth of pattern looks to originate from 7950 towards the base of 6500, forming a considerable 1450 points. Pattern could be considered valid once the price closes below 6500. Further, if the pattern is confirmed technical target would be at 5050 based on the pattern. That accounts for a fall of 22% from 6500. Hence...
