PAIR TRADE IN MARUTI-VS-BAJAJ AUTO
HOLDING PERIOD:-2 TO 10 TRADING DAYS
ALL TRADES IN DEC FUT AND CASH FOR MATCHING VALUES
TOTAL VALUE=16.16 LAC
TOTAL VALUE=16.30 LAC
"PAIR TRADES NEEDS TIME TO GENERATE INCOME"
"STAY TUNED FOR EXITS"
MARUTI SUZUKI: The stock was holding support levels for last few sessions, in today’s move it broke down from an important pivot and negated the bullish view. Now the stock is expected to remain sideways to down for a couple of weeks. The RSI is close to 40, which may result into some bounce, till 7000 levels. This level will now serve as a resistance instead of a...
In the monthly, we see strong upmove towards the monthly level. Nothing so bearish.
Weekly is coming from the Monthly resistance. Also, we see a break in Trendline in the Weekly. Bias shifts towards weakness although there is a nice uptrend which may even continue further.
Key Levels for MARUTI are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can also join our...
MARUTI SUZUKI IND: After a splendor rally from lows to 7830 levels the stock pulled back a little after taking hit at a resistance point. In the last session it created a narrow range candle & closed positive for the day. The RSI took support near the 40 levels and MACD is well above zero into bullish zone. Holding 7000 on closing basis will be positive for the...
As I mentioned I'm Expecting a small or minor retracement towards 6330- 6290 level, I'll be a buyer on maruti and looking for the target of 6730 TG1 and 7000 level TG2. With a stop of 6200.
Currently chart patterns are looks good and nice flag pattern formation I have seen on the charts.
Support us by hittin Like , & few suggestions on Comment, & Pulish the...
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
After a decent pullback from its recent lows 5446.05 now at resistance at around 6300 level.
This makes an ideal short from today's closing price 6208.55 for a target of 5720 & 5450.
View negated above 6350 (Stoploss)
Maruti is in a daily descending channel, which has completed 3 touches indicating a reversal. There is a small falling wedge at the 3rd touch.
Entry after 5546 is broken.
Traders can have a stoploss of 5441
Target 1 - 5650
Target 2 - 5710
This content is for information and educational purposes only and should not be considered as a piece of investment advice...
Cup & 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...
Maruti Suzuki has formed a Pennant with a nice and long pole.
The pennant has unusually taken 7-8 months to form and has now appeared to be broken.
Its certainly working looking for a good entry point and then join this ‘SHORT’ ride!