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Marutisuzukianalysis

Maruti possible bottom formed!!Maruti is showing bounce from the trend line active from it's Apr 2020 low, it also has covered a "volume imbalance" zone on the daily chart. While on the hourly it has given a break out from the downward trend line. Any further bullish momentum could lead to a good rally in the stock, I will prefer waiting for sometime as the break on the hourly is still not convincing enough(momentum & volume wise). What are volume imbalances? Volume imbalances are formed when aggressive buyers or sellers enter the market, thereby increasing price with high momentum that orders don't get filled due to slippage. These imbalances always get filled sooner or later & are very good entry points. They are very similar to gaps in nature.
NSE:MARUTILong
by BharatAsani
MARUTI: Ascending TriangleThis is also a converging triangle formed with one flat horizontal line on the top & an inclined line meeting at a common point as illustrated in the chart. The flat horizontal line act as a resistance for the prices & the on the inclined line the prices take support. It’s not necessary that the ascending triangle formation takes place only in the bull market, they can be formed in a bearish trend also. Here also you should concern with the key point “The Third Touch”. The five significant points help us to make our decision in a better way. Here, each points suggesting a reversal point & as soon as price got it’s third touch on the inclined supporting line the price shoot up & a breakout happened. The target for this pattern is the maximum vertical range of the triangle. Trading strategy:MARUTI: BUY 9285-75 SL: 9050 TGT: 9545/9850
NSE:MARUTILong
by TradingSutra
17
Weekly analysis of Maruti Suzuki (08/08/22).Maruti on the weekly time frame has formed a gravestone doji and respected the trendline that it has been following from April 2019. The stock is trading in the parallel channel and there is a resistance area formed by the previous high. In the last 2 months, the stock has gained around 15% and the double trend line rejection can be a signal of shorting maruti. The stock has been taking support from its 20 DMA and is trading just above the moving average. Gravestone doji with a high volume confirms a shorting opporunity in the stock. There are 4 green candle on the monthly analysis and in the first week of the month is has formed a nice shorting signal. Support :- 8850, 8377 Resistance :- 8970, 9530 If the daily candle closed below the 20 DMA, maruti is short upto the level of 8400. Otherwise, wait for the weekly close and take targets of the moving averages.
NSE:MARUTIShort
by Mambotrade
Simple Trade Setup | MARUTI | 13-12-2021 [ INTRADAY ]NSE:MARUTI Observations: 1) On 1day time frame,it has bounce from 200DMA and now trading below 50DMA. 50DMA is immediate resistance. 50DMA is placed at 7493.41. We can say that range of 7490-7500 will be immediate resistance zone. Please refer below chart : 1day Time Frame. 2) Also on 1day time frame, it has made double bottom pattern. Major breakout is still above 7500 level and safe breakout is above 7530 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:MARUTI
by Trading_hawk