Marutisuzuki
Maruti Suzuki - Double TopDouble Top has formed. But it is yet to break neck line. Wait for it to break neck line and if 1 day candle closes below 8313, then short Maruti Suzuki. Target 7750.
MARUTI SUZUKI_TREND ANALYSISAs on 18/09/18, Maruti Suzuki is in downtrend. Resistance level is 8471.19 and support level is 8363.17. As per fibonacci and support trend line Maruti will fall upto 8281 and then bounce up from that level for targets 8600/89028/9108 by the end of 3rd or 4th week of October 2018.
Maruti possible corrective move up (Elliott Wave)The move down from the 9930 level seems to be in Double Zig Zag formation with the current progression being in W.b of the second Zig Zag.
If this is the count playing out then we should see a minimum 3 legged up move which can take Maruti to 9155-9230 (white resistance zone) .
The count will become Invalid if Maruti moves below 8795 and hence the same can be treated as SL level.
A BEARISH TREND STARTED.....!!!!!
ON FRIDAY I TOLD IF #MARUTI WILL CLOSE ABOVE 9220 THEN BUY IT, BUT IT NOT CLOSE ABOVE GIVEN PRICE AND A BEARISH TREND STARTED. NOW AT 9078
Maruti SuzukiMaruti Suzuki, Completed 5th Elliot Wave. Considering the bullish engulfing in 4 hr chart it should fall.
Incase if crosses 1.61 advance fibo ratio then next target will be around 10k. Keep on your radar
Maruti Long TradeLong on Maruti @8837 (May futures price). Tight SL with good risk/reward ratio
MFI and OBV at very low levels
Ichimoku Chikou Span will hopefully emerge from congestion
Much of the market is overbought but Maruti has fallen significantly
Long MarutiResult coming on 27 april 2018. Crossed downtrend line and diversion seen in RSI and MACD. Before result bullish movement expected Target may be above 9700
Maruti short term viewPls seen the target range in chart. Indicators also slightly positive in day chart.
Vijayaragavan
Kovilpatti
MARUTI SUZUKI - Swing Trade opportunity Play for the SWING trade in MARUTI SUZUKI with small SL of 9256 for the targets of 9590 and 9800.
SEE WHAT HAPPEN!!or more query comment below..
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Maruti Suzuki - StrategyHi All ,
Maruti is heavily overbought on daily , But can't predict when will it turn around ,Maybe 10k psychological price point
No Naked shorting or Long:
Use following Futures and options strategy:
1) Buy Jan futures 1 lot , sell Feb futures 1 lot ( On pull back to moving average observe pattern and exit short , continue long)
2) wait patiently till pull back to moving average , Observe the pattern (marked in circle):
Buy futures , sell call of nearest strike price or in the money call.
3) DO NOT buy put / call pair , options are expensive right now , premium will decay swiftly.
Manage risk , You need atleast capital of 2.5 lakh to take above strategy .
If you don't have that capital , this trade is not for you.
Consult your financial adviser before taking any trade, F&O is highly risky.
sell maruti!!!?? what??/ (chill.... for short term only)as maruti has already rallied enough ..and now struggling a bit to sustain at high levels ..i expect a good fall and retest lower levels ...lets wait and watch!
marutimaruti taking support at intermediate channel support and 50DMA .can go long with stop at 7730 and look for 8200 levels provided monthly sales numbers which are going to be declared on 1st of the October are good. RSI bouncing from 40 levels.
MARUTI WeeklyFantastic setup on weekly charts does project some promising run in the coming days.Look to initiate longs in this counter at every possible levels as the chances of a "decent" pullback which one is expecting looks difficult.Our Trend Cross method continues to show that the trend remains intact.
Maurti - Switching gears againStock in strong uptrend,made a top of 7480 and witnessed some pullback.
as soon it went below 20 Day SMA, pulled back sharply to form a Hammer on daily chart.
One can go long in the stock at CMP 7265 With a stop loss of today's low 7153 for a retest of 7480.
