MARUTI Trading Within Fresh Weekly Demand ZoneMARUTI is currently trading at ₹10861.45, positioned within its demand zone between ₹10973.5 and ₹10458, identified on 16th February 2024. This fresh zone remains untested, suggesting potential buying interest at these levels. Investors may watch for support within this range, which could signal a possible rebound opportunity.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions
Marutisuzuki
Maruti ready to bounce offering great Risk to RewardMaruti is ready to again bounce after a decent consolidation as is very evident from the Weekly chart. A good Risk Reward Trade. SL can be 12000 on a weekly basis but positional target can be 13000. Also hovering at 20WEMA and 100 DEMA which offers a little more comfort
Bullish Hidden Divergence Spotted on MARUTIHello Traders.
As the Higher Timeframe Structure of Maruti is Purely Bullish. The Hidden Bullish Divergence is spotted on RSI on 1hr Timeframe.
Move on The upside to shown very soon. The Vehicle Big bro is Set to Fly over.
BOLLINGER BAND CONTACTING as candle sizes ate getting Narrow & it will be expanded soon. As it can create a Perfect swing setup.
HAPPY TRADING
Maruti weekly update 14/JUN/24Hello Traders ,
NAMASKAR !.
Overall trend structure of Maruti is Bullish right now as the sector is Outperforming.
The big bro Maruti is Trading in the range from past few weeks. Let it Accumulate & once the breakout happens one cann plan your entries on Daily Chart.
HAPPY TRADING
MARUTI Weekly Update 07/JUNE/2024MARUTI currently in a Strong Uptrend. A Fresh breakout occurs few weeks ago & from Last few weeks trading between 12k - 13k.
RSI Hidden bullish divergence spotted on Weekly Chart. Indicates a Fresh new momentum & Continuation of the Trend will Continue soon.
Watching out for a Breakout on Daily Charts.
MONTHLY RSI > 60.
WEEKLY RSI > 60
Let the Daily RSI to close above 60 levels & will plan out entries on pullback on 10 EMA.
HAPPY TRADING
MARUTI - Ichimoku Breakout📈 Stock Name - Maruti Suzuki India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 12340.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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MARUTI is ready for a trendline breakout, signaling Bearish ViewAfter an uptrend, it transitions from higher highs to lower highs. Drawing a trendline indicates it's ready for a breakout. Keep the stock on the watchlist and wait for the breakout. Ensure that when it breaks the trendline and undergoes a retest, that's the time to enter
"Note: I will maintain charts in a simple way. Only those with basic knowledge of technical analysis will be able to understand what I am posting."
MARUTI - WEEKLY BREAKOUT - EXCITING OPPORTUNITY Weekly breakout in MARUTI with good volumes. The stock has been consolidating for 16 weeks after the breakout and taking support on the breakout trendline. It is a good zone to buy as the Stoploss is small while the upside looks very good.
The stock's Fundamentals look very good as well. Overall it will be a good bet.
Maruti is gearing upThe chart pattern of MARUTI is looking wonderful at this point and if two candles survive above the trendline it can be a trending stock.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Maruti wide channel formation intraday & swing setupNSE:MARUTI
Maruti Ltd on 2-hour timeframe
You can see a wide channel forming and currently trading at major trend + channel support trend line.
The probability of reversal is very high.
Entry has 2 Scenarios:-
1. It can Give a breakout above 9565 directly or
2. It will again test the support zone and forms a double bottom pattern and then breakout above the entry point.
You can plan SToP below the previous swing low or you can plan just below the current support lines.
The further Resistance zones are marked on the chart.
Trade after doing your own analysis.
These are my Views please comment your views on this idea so we can improve together.
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Keep learning.
Happy Trading.
MARUTI - Ichimoku Bullish Breakout Stock Name - Maruti Suzuki India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 9415
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Maruti SuzukiMARUTI SUZUKI
1 hr Time frame
Resistance - 8538
May see a breakout if its above 8538
Target 8681-8700
Conclusion -
1. Ellipse Shape - Consolidation after every uptrend
2. Red Arrow - Rejection and profit booking at upside
This chart is only for educational purpose Do your own study before entering any trade
IS MARUTI LOOKING FOR A BREAKOUT ?Maruti Suzuki , under retracement trying to find its way to the original uptrend. Currently moving under the channel from 8635.20 and 8966.25 . Here recently we saw a false break out the support, which in turn implies that buyers will not let it come down now. The stock is also supported by two EMAs and thus we may probably see a break out at resistance this time. Small stop loss , make a good risk reward ratio and hence, I firmly believe that it a nice trade to enter.
Technical Indicators :
CMP : 8,696.25,
RSI : 48.78
ADX(14) : 34.70 ( Directional Strength )
ATR (14) : 126.6 ( Less Volatile )
MACD ( 12,26) : 35.25