Marutisuzuki
MARUTI - Logic and plan in detail 🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟
✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel
✺Plan
✣Let it Breakout all the trendlines mentioned in the Logic section then go for a long as I would have done that according to my RR ratio
✣Above 7500 the stock might touch 8000 again and might even go higher
✣Risk: Stoploss can be either BO candles low or if you have patience then you can go for the swing low that is - 6800 ( might be 10% from your buying spot, but the reward will be = 10% to 12% at 8000 to 8200 supply zones )
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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MARUTI : Head & Shoulder Rejection.Positive Bias : Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it sustained above @6855 level.
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Points to be Note (Technical + Fundamental)
1. Head & Shoulder pattern formation.\
2. Anticipated rejection at level 7060 due to increased in sales.
3. Sales soars, Decreased in profits no issues why? Cash flow has been increased in investing activities, Reserves has been increased by impressive numbers.
4. Secondary trend Retracement are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs.
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Le me know in comment section what's your views on this? NSE:MARUTI
Maruti Suzuki Potential Reversal CandidateAuto Sector has been in downtrend from its high of 11000, however it has taken some pause at resistance turned support levels around 9400. If Nifty Auto Index moves further up to 10,000 level, reversal in sector trend may be confirmed.
We see RSI bullish divergence on daily charts. Daily RSI is also above 50.
Go Long on Maruti Suzuki above 6950 as it breaks downtrend line as well as 20 DMA.
T1 = 7300, T2 = 7700 and T3 = 8200
Stop loss - 6500
Maruti Ready for 7000Hello traders,
MARUTI Suzuki is getting ready for the 7000 rocket launch!
Just in a matter of 3 to 4 trading weeks.
Positive news over Maruti in the auto industry gives a better push to reach the expected level (7300)
Equity buyers can buy at the current level at wait for another 2 weeks or beautiful results!
For F&O is a new month for you guys!
So, plan accordingly with your risk management techniques and diversification of stocks.
Option Buyers can enter at between 6960 to 6989 levels , expected to reach 7300 in few weeks.
Follow the page for more sure shots stocks !!
The given details for educational purpose only, am not SEBI registered advisor.
MARUTI READY FOR A SPIN WITH 1:11 RISK REWARD #DONOTMISSHi Friends and Fellow Traders
#DONOTMISS
#MARUTI
Broken out from the Daily Downtrend (+ Sign)
Price has been beautifully Consolidating over Hourly 200EMA
Following a Good Trendline in Hourly TF
Successfully closed above 6800-6850 resistance level (after testing for 4 times)
Same Level may act as support to propel the stock further
Today took slight rejection from 200 Daily EMA (expected)
Close above 200 D EMA will further propel the upside journey
KEY LEVELS FOR ENTRY , TARGETS AND STOP LOSS MARKED ON CHARTS
Maruti Suzuki - Double TopMaruti Suzuki has formed a double top in daily TF
Short when the reistance zone(around 6800) is retested and a bearish candle is formed
Stop Loss - 6900
Target - 6500
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Please stay safe. Happy Trading!
Regards,
Segan
Maruti - Trendline ReversalLong can be executed as the price and RSI breaks the trend line in upside for minimum 80 points target. This analysis will be valid till May or June. Exit once the stoploss is triggered.
Kindly share your valuable feedback.
Disclaimer : please do your own research or consult your advisor before taking any trade. This view is for educational purposes only.