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
Rising Three Methods: Maruti falling for 3 consecutive days and Rise expected now. Keep SL 6895.
NSE:MARUTI Maruti has given breakout from triangle pattern. If it starts trading above break out candle's high then more upside is expected.
Sustaining above 6984 ,T1 : 7060 T2 : 7193 T3 : 7289 T4 : 7498
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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...
More downside for maruti on comming days.
Maruti weak and can be sold with SL 7610 - 15 for 7100 / 6700
Double 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.
As 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.
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...
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
LOOK LIKE A CLASSIC BULL FLAG - BREAK OF 9500 WILL GIVE WAY TO 9600
Support level, resistance level and possible target for maruti suzuki for short term.