Marutisuzuki
MARUTI | Descending Triangle observedDescending 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 6500 is a very critical level for the stock.
MARUTI CMP 6585 BUY BREAKOUT ABOVE 6800 FOR NONSTOP TARGET 7450+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
Thanks !!
Looks like turmoil has begun in Maruti- Maruti has broken its strong support zone at 6500
- Volume doesn't seem to drop anytime sooner
- Looks like there is more downside, which can reach to levels of 6000
Long on Maruti Suzuki- 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 seems near
- Can look for a target of Rs. 7150
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
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.
Maruti suzuki looks a good buy at current price 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.
NSE : MARUTI LONG IDEAPOSITIVE ****
TREND : DOWN
PRICE ACTION : LONG ENTRY : after price breaks above BLACK trend line ( tp : below supply zone)
NEGATIVE CASE :
PRICE WILL TAKE SUPPORT 2 AFTER BREAKING FIRST DEMAND ZONE
Maruti Suzuki DivergenceA divergence is formed on daily chart of Maruti Suzuki, the stock has made triple bottom but RSI is showing lack of momentum in recent dip.
Divergence in Maruti SuzukiA divergence is formed on daily chart of Maruti Suzuki, Stock has made double bottom however RSI showing some strength.
Maruti for 8% ++ up move - TA - Already Published in My channelNSE:MARUTI
========================
Maruti Will be soon in buying zone. Today it may perform above 6650 use SL 6500
Possible targets for positional - 6730/850/950/7000/7100
Maruti Cmp - 6596
======================
Note : This idea is late post. But levels were posted in my Channel.
One can long now with cost SL
MARUTI MARUTI Trades using Blue Sky Plus Indicator.No need to spend time in doing analysis. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
MARUTIMARUTI Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
Maruti suzuki Poised to fall further?Stock seems to be having a strong support at 6500-680 levels, however it is also making lower highs with the same lows. Might fall further if gives a close below 6480 for 2 consecutive days
DM me for real time market calls
Maruti (Buy) with SL 6895Rising Three Methods:
Maruti falling for 3 consecutive days and Rise expected now.
Keep SL 6895.
Maruti : Break out from Triangle.NSE:MARUTI
Maruti has given breakout from triangle pattern.
If it starts trading above break out candle's high then more upside is expected.
MARUTI , Support and Resistance Area 18 feb 2019I would greatly appreciate , if you give me LIKE .
Follow NEVADA TRADING to get notification at e mail - for all new Trading ideas
Idea is for positional trading not Intraday trading.
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.
