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Marutisuzuki

Nifty Auto Index | Trade NiveshThe 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 Tyres (down 1.36 per cent) were the top losers in the index. view by chart technical clear down to become top levels mode
NSE:CNXAUTOShort
by TradeNivesh
The wait is over!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. Analysis:- 1) Strong Chart patterns — Triple bottom formation with triangle pattern breakout. 2) Reclaiming 20WEMA — So the actual wait was not just the triangle breakout, but, the requirement to close above 20 Week Exponential Moving Average (WEMA). Maruti gave a weekly close above the 20WEMA for the first time after August 2018 3) Momentum — This price uptrend was accompanied by good volumes indicating momentum. 4) Indicators — RSI garnering strength and MACD generating a positive crossover Conclusion:- A long position here has a potential to capture a healthy upmove of 600 points in coming weeks if the results season goes well. I hold a position in the stock and my personal targets are mentioned in the charts with the 20WEMA acting as the dynamic stop loss.
NSE:MARUTILong
by BullBaba92
MARUTI - STRATEGY FOR SWING TRADERS!- LONG TERM INSIGHT! HIGHLIGHTS: 1. Successfully hit 0.618 Fibonacci level(also the R1 of the pivot). 2. Currently hanging at the 0.382 Fib level. 3. Price closed under MA(26): 7059 - good bearish indication. 4. Hidden Bearish divergence on RSI. 5. Expecting a fall to the central pivot(6829). 6. If the pivot hold, then LONG positions can be opened till the 0.382 fib level or till the price reacts with the downtrend line. 7. Break down from the pivot will cause it to fall further towards 0.236 fib level or even the last important swing low. In that case, SHORT positions can be taken. 8. Overall trend is Bearish. 9. Always use a Stop loss. Marked swing & pivot points, trend line and Fibonacci level can be used for trading. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
NSE:MARUTI
by johntradingwick