Along 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.
watch chart and trade --- Target---100-150 point Down
LIke Share and Follow us for more number of calls
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...
In 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...
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 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...
As 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. Support us by hittin Like , & few suggestions on Comment, & Pulish the...
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)
Haribol 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 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 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.
Levels mentioned on the chart. This is only my opinion not financial advice. Animesh Vashisht, CFTe
MARUTI (Maruti Suzuki India Ltd) BUY ABOVE 6200
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 This content is for information and educational purposes only and should not be considered as a piece of investment advice...