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Marutisuzuki

Maruti Suzuki Fined 200 Cr by CCI - Gap Down expectedAutomobile sector is already suffering from semiconductor chip shortage in general. The latest 200 Cr Fine by Competition Commission of India on Maruti Suzuki definitely doesnt help the company. I have used Fibonacci Pivot Points to set a target - Take 70% at S2 and Rest 30% at S1, The Stop Loss has been set at the recent high candle. Happy Trading! This is not a Financial Advice, Please consult your Financial Advisor before placing trades.
NSE:MARUTIShort
by Aayush_Rungta
MARUTI GOOD bullish formationMaruti spot cmp 7200 Time frame :- 240 mins . Study :- Elliot wave Counter have given reversal from maturity levels of corrective wave 4, now if wave 5 unfolds can give good upmove,,, Rsi have given breakout from falling trend line Macd on verge to give positive crossover,, Hidden bullish divergence seen in both indicators where price making higher low and Indicators making lower low,, FAlling parallel channel formation in wave 4,, once price breakout is confirmed from this parallel channel good short covering can be seen in counter,, Panic low done in price with highest volume in whole swing,, low of the panic selling not broken ,, means follow through selling is missing and all the traders are on one side of the trade ,, no more left to go short in this counter,, now on reversal all will be forced to cover their shorts.. Good bullish formation for the counter
NSE:MARUTILong
by RUDRA007
2
Maruti will go high. (40.38 % delivery today)Maruti P/E 49.36 Sectoral Index P/E 221.12 Maruti Suzuki India Ltd is planning to increase production by 200 cars per day from near month, two people aware of the company’s plans said, as the country’s largest carmaker bets that demand for personal mobility will continue amid the resurgence of the pandemic. The increase in output will take the daily production rate to more than 7,000 cars, the people cited above said on condition of anonymity. Parent Suzuki Motor Corp. has recently added a new assembly line in its Gujarat factory, and production will be increased as a consequence. education purpose.
NSE:MARUTILong
by Mantubora
Great Opportunity for Long in Maruti 1. Formed both "Cup and Handle" & "Inverted Head and Shoulder" 2. Re-test Done successfully 3. Breakout happened at major resistance 4. Raising Volumes during breakouts 5. RSI is also at good level Buy at Current Market Price (around 7425) Target 1 at 8340 Stoploss at 6800 ** Target and Stoploss may vary, depend on one's Risk-Reward Ratio ** This one is purely based on my analysis ** This can't be taken as buy signal ** Do your own analysis before investing your hard earned money into any stock
NSE:MARUTILong
by Navinraj_Varatharajan
2