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...
We find Maruti Suzuki going bear and we expect it to fall further.
See the Head and shourlders pattern on the chart.
What is heads and shoulders ?
It is a pattern where three trianges are formed, the mid one is called the head, the other two sides are called shoulders. The mid head should be heighest and the shoulders should be nearly equal in a horizontal H &...
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!
Inverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190.
(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...
Maruti breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 5990. Round number of 6000 too had been breached. Target of the pattern comes in at 5415. With all the weakness surrounding the Auto sector, target seems to be well within reach. Even higher time frame analysis...
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...
MARUTI CMP 6585 BUY BREAKOUT IF THEN PRICE ABOVE 6800 FOR NONSTOP TARGET 7450+++
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education Purpose Only
Follow More Live Updates :- Youtube/Telegram/twitter :- @NseDerivativeDesk
Query on Whatsapp:- +91-7440557654
- Trading is fun when it is kept simple rather infesting with a lot of indicators
- Maruti is taking support from weekly levels
- A decent V is formed in volume chart which falls near the resistance and starts rising near support levels
- RSI is hovering near the oversold region
- Although Auto sector is quite mild compared to other sectors, however, bottom...
The Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am.
Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo...
The much awaited breakout happened in Maruti In the week before the last one only. But, it is better to not fall prey to failed breakouts. Hence I waited this week to confirm the breakout.
1) Strong Chart patterns —
Triple bottom formation with triangle pattern breakout.
2) Reclaiming 20WEMA —
So the actual wait was not just the triangle breakout,...
The view is taken based on candle sticks and price action and candle pattern the postional trade
Time frames used 1day and 4hrs my
1st target -7000 and 2nd target - 7200
Maruti. Can be good buy to know more about options stratiges how to buy can ask no naked position in future or options.