maruti suzukiAlong with few other autos, maruti has lagged but it is showing signs of a break-out. Trendline is very robust but a clear picture is yet to emerge. views are my own, trade if any should be taken only on own assessment.
Marutisuzuki
Maruti's break failed at 7000! 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 support. The stock may head to 6600 levels in the coming weeks.
Maruti Suzuki Aggressive EntryIn 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.
In the Daily, immediate trendline is broken and currently we are at a second pullback to test the 75 min resistance. The long term trendline is not yet broken. Overall, a moderate downtrend can be established.
75 min is giving me an interesting candle right now which is rejecting the Pivot and the trendline. The candle is not yet closed. But I would like to take an agressive short entry here.
PAIR TRADE IN MARUTI-VS-BAJAJ AUTO !!(DEC FUT)!!PAIR TRADE IN MARUTI-VS-BAJAJ AUTO
TRADE SETUP
HOLDING PERIOD:-2 TO 10 TRADING DAYS
ALL TRADES IN DEC FUT AND CASH FOR MATCHING VALUES
MARUTI
DEC FUT
BUY @7180
LOT:75
QTY:3"IMP"
TOTAL VALUE=16.16 LAC
BAJAJ AUTO
DEC FUT
SHORT@3260
LOT:250
QTY:2
TOTAL VALUE=16.30 LAC
"PAIR TRADES NEEDS TIME TO GENERATE INCOME"
"STAY TUNED FOR EXITS"
Maruti suzuki is at an important support levels. Holding 7000MARUTI 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 stock. Giving away the levels may pull the price down to 6600 levels.
Auto pack - Maruti SuzukiAs 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.
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Deepak
Maruti Suzuki at Resitance 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 SELL ANALYSISHaribol
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 Good for short 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
Maruti SuzukiMaruti Suzuki first target 4800, second 3400. Maruti has break long term major support sets it in free fall.
4800 should be in 2 months by Oct.
Maruti Suzuki Ltd (Medium term, Bull)Levels mentioned on the chart.
This is only my opinion not financial advice.
Animesh Vashisht, CFTe
Maruti - 60min - Maruti ready to rally ?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
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Maruti Suzuki on beautiful Head and shoulders Short T 5429We 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 & S. And the target for horizontal H & S ? it is the height of the head.
So here our first target is to 5429. We expect further move. But 5429 is our first target.
Caution is- we expect on monday to continue falling.
Maruti | Cup & HandleCup & 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 for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Maruti Suzuki: Pennant brokenMaruti 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!
Maruti | Inverted Head & ShoulderInverted 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 is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Maruti | Bear FlagMaruti 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 (attached below for reference) indicates same sentiment.
(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 for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
