Maruti showing bullish signs target around 6100Maruti Suzuki gearing up for breaking its previous high 5932 level in near term, traders may enter long with a target of 6100 in near term. SL can be 5650.
Marutisuzuki
Maruti Suzuki - Short Continuing from the awesome prediction of nextgen sir ( see in related ideas ) ;
maruti suzuki has again faced resistance at that level with full down candle.
Short trade can be placed with the high of the candle + cushion as stoploss.
Bearish Bat formation on Maruti - ShortBearish Bat formation on Maruti on EOD and bearish sign for short term.
Note : Please wait until the pattern get filled.
Trade:
Short below - 5785
Target 1 - 5650
Target 2 - 5560
Target 3 - 5465
Stop Loss - 5890
Reward Points - 320
Risk Points - 105
"Happy Trading"
Maruti may see further upside up to 5488Maruti has sustained down trend and gradually trading in channel, it closed on weekend forming bullish engulfing pattern, we may see further upside in Maruti till the target of 5488 as channel resistance.
Maruti Suzuki to continue down trend.Maruti Suzuki has been trading in downtred and slid very sharp in three days, and I seems to be consolidating from the start of the week and gradually formed a bearish pennant which it may break tomorrow and head to target of somewhere between 4210-4200. traders may go short in Maruti Suzuki as is not looking strong enough to make breakout upward, first target may be around 4583 and if breaks this level the next is 4210 in near term.
