Expecting Positive breakout upside tomorrow, it should close above of Redline Resistance. All Levels like TG1,2,3 and SL mentioned in chart.
maruti suzuki not looking good for now.. it keep making lower low.. if u look into chart i have drawn 2 channel. the first big rising channel he was ready for 10000 journey but broke the channel and fell into another channel.. i would say dont buy maruti right now wait for confirmation..
Levels mentioned in the chart Itself... Trend will get invalidated on closing above 7200(approximately) ~This analysis is only for educational purpose~
Support zone has been tested multiple times from October'2020. Can give very good returns if breaks the support - Head and shoulder breakdown Intraday - Enter on support break and target 6670 Swing - Enter if daily candle breaks 6700 for targets 6580, 6500 and 6300 P.S. If stock bounces from support and breaks 6900 on daily candle then minimum target 7100/7150
200EMA below price is trading so it's an indication of Bearish trend confirmation. 6751 is 1st Key SUPPORT 1 if Breaks this Level, and SUPPORT 2 level 6236 is 1st target.
Maruti crucial support is placed at 6750 closing below it can trigger a sharp drag in the scrip.
bullish bat seen at 6400-500........if sustains 6400-500 den we see nice rebound till 7200-300 Thanks Jp Pro- Harmonics Jigar Pateel 8898030401
Maruti is near a crucial support. Might bounce if the auto sector goes bullish. Will give good targets. Keep it under watch.
Target 7600 SL 6950 Triangle Pattern Breakout
Head and shoulder pattern can be seen in Maruti
Maruti Suzuki has given breakout from head & shoulder pattern on daily time frame. Moving towards its target.
MARUTI is just below long term trend line -, below 100, 50 EMA and on 200 EMA. Any move further below will take it lower lows -- keep it in watch list. Both sides movement is possible -- from current support to bounce back or breaking the 200 EMA and further downwards. Trade as per market trend.
Wait for the price to sustain above the trendline and marked zone. Go Short if the price gets rejected from the Grey zone. Use appropriate risk-reward ratio. Always use a Stop loss. P.S : This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Little correction in maruti suzuki •Inverted head and shoulder •RSI overbought zone •Strong monthly demand zone 5200-5800₹ range. Its price break the monthly trend line and now retesting its MN demand zone in coming 2-4 months.
Hi Folks, Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd. The 2nd of one smaller degree seems to be brewing now. When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd...
Maruti Suzuki India Ltd. is in a very good shape right now. Let me take you to few historical insights. Recently a Wolfe Wave was completed determining its Point 4 for the primary Wave. A smooth reversal from the point hints towards initiation of Wave 5th . 7533 to 7730 is the rectangular consolidation phase of the stock with a drying volume. As the selling volume...