Maruti Suzuki - Ready to move upNSE:MARUTI Maruti has formed triangle pattern and it has broken out upwards. Looking good for a swing trade. I have mentioned the entry, SL and targets in the chart. Trade according to your own setup and risk. Comment your views and doubts. Thank you... Happy trading...
Marutisuzukianalysis
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.
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.
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.
MARUTI - IMPORTANT SWING TRADING LEVELS
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.
Maruti Suzuki is going down after a wedge patternWe have checked three things while taking this trade :
1. The volume should be low, no trend changing.
2. Double top pattern from major resistance.
3. We are aiming for 1.5% RR ratio which is good but it can be a hold it it breaks lower support (low chance).
Action Plan : Short at the current price and sit back, trail the stop loss once it reached the W pattern bottom leg. Keep riding for profits if it breaks the support as well else exit at trailed stop loss.
"You don't have to be a great trader to cut your losses short , just an active one."
Maruti Suzuki At parallel Channel Resistance Elliot Wave 2Stock post breaking Triangle currently in consolidation at upper channel line drawn from 9929 level.
Red Marubozu on Fri 14th Aug 2020 tells start of down move.
Wave 2 is starting probably gonna consolidate and go down towards fib levels 0.382 (6385), 0.5 (6264).
All bounce towards 6600-6700-6800 short opportunity
STOP LOSS 6900
Potential to hit 6400 6300 positional targets
Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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IS MARUTI READY TO CHANGE BUY MODE TO DOWN SIDE OR RANGE BOUND Hi Traders,
1. On 14th June 2020, I mentioned in that post is quoting for your consideration " I circled the candlestick pattern called piercing. The psychology behind it is very much clear that bulls found that price lucrative as on support zone .so they came and bought aggressively closing price days high. Novice traders seeing this pattern will jump into long side buy positions. But intelligent will wait for next day trade to find out whether the entry is of weak bulls or really strong. In fact, this pattern is Warning for short traders to cover their shorts. Those who do not later part can be painful to them. Every candle speaks else you know its psychology behind it. I am not saying you just go and take long next day. with this candle, the price to reward is not comfortable. So let the price make it comfortable by coming to the red dotted line Then buy with the sl of bull candle low. I do not recommend this trade but aggressive nature can take this. I will like to trade when the price gets activated on the next day by closing above a bull candle. Here is also a problem If the next day is also good momentum day to the upside and take price away from the upper end of the blue zone then also risk-reward will not match. so in that case you will have to buy when blue zone lower end is breached upside and price stay above this level for 30 mins then can go long with sl of a red dotted line. Once price will stable upside then in next week lower end of the white zone is my target." . You can see word to word if you match the movement of this stock you will find the same. I told to let the price gets stable then buy, do not jump aggressively. See price took two days to get stable by making two Doji then on the third day started the rally. As shared lower end of the white zone is my target. That has not been achieved. To understand this quotation with current pice, I set a previous chart for comparison.
2. In the current fig. price is at the blue zone if the lower band is taken out in 4 hr time frame then it can go into a red dotted and blue dotted line zone. Positional orders should hold their positional long until this zone is taken out in 1 hr taken out.
3. On the contrary, if the price is taken out of a yellow dotted zone then it can go to the upper end of the red channel upper band. This would be the final target of this stock.
4. On the other side, If the price takes out of a lower blue and red dotted zone price will come to the red lower zone.
5. In any case, If the lower red zone is taken out in the 4-hour zone time frame then uptrend will change to the downside. Those who are new readers of my blogs for them I share taken out condition how to implement is as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. . The rest price is supreme.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This is for educational purposes only.
RESULT OF LAST WEEK ANALYSIS OF VARIOUS SCRIPS PART -1Hi traders/Investors ,
Last week I shared few scrips movements and now compare them with this week move . Whether this amateur and non professional analyst can make people earn money or not . This is the statement of only one of my respected trollers who himself is not able to publish a single idea on platform but very eager to satisfy his ego writing these words. So being a "amateurs and non -professional" analyst I try to compare the accuracy with so called highly professionals. Though at one point he accepts my analysis make money but with above mentioned words.
Reliance Industries
In my first post and second I mentioned is quoting for your consideration" if red dotted line is taken out on smaller time frame of 1 hr then you will see rally to red line in coming days.( first post statement). you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. if tomorrow it fulfill this taken out condition the see rally.(in second post ) ". You can see price gave rally and touched my red line then came down little. This is the accuracy of amateur analyst.
Next week trade plan
1, You can see the white circle the blue zone is taken out on daily basis with good volume also circled in white . So price is expected to move up with certain conditions.
2. I made a micro zone this can act as resistance for time being and target is the upper red line . Those who want to take longs ,they will have to wait till price move down to blue zone. But it does not mean price reached near it and you jump into trade. wait to see whether price stays at this zone or going to break it.
3.If yellow trend line is breached then it can be signal of weakness so do not take long til you get buy setup. In any case prices takes out blue zone on lower time frame then no trading either long or short. Wait for next day if price continue to move down then short with sl of upper band of blue zone.
4. Chances if not taken out micro zone then range bound can happen for day or two. Both arrow showing the direction after these levels.
Maruti
Compare my last statements for this scrip with this week move.
1. In my last post what is said quoting for your consideration " you can see in two days trading price did not close above bull candle in green still not activated so no long can be initiated. see beauty of analysis i made red dotted line price in two days did not dare to breach this." You can see when price activated this pattern a rally is seen which is not completed yet. The dotted line of lower side could not breach that see what is accuracy Mr.troller ( gann elloit trader) of amateur .By writing that name you can not be gann or eilliot just learn etiquette to write and search the real meaning of criticism. If you want to satisfy your ego go somewhere else . My analysis will not give you that privilege to satisfy your ego. The people like you can not even understand that language. Because mind set is in denial mode not in acceptable mode.
2. yellow dotted line is first target of longs from there price can go into consolidation for time being. Rest market will decide.
Yogesh vats.
MARUTI IS SHOWING STRENGTH IS IT REAL SEE YOURSELF !! WHAT IS HAPPENING BEHIND PRICE ACTION IN MARUTI
1. See this stock has made its bottom , the process of accumulation is going on where buyers want to buy at low price by trapping sellers with the impression of maruti making new low. This hope is created by smart money for sellers. Keeping price range bound. See rally in price that is for the attraction of sellers to short the stock so that price can come down . I find this phase very interesting in any scrip .Always buy at lower end of range because when this process will get over then good rally will welcome your positions of buy. Investors should adopt this strategy. This happens in all stocks. Reliance remained me in that process of re -accumulation for may years keeping price range bound. See now what speed of gains. So in this sort of structure one should invest for good returns .
2. I made a blue zone upper side where price is trading. That is real resistance . It not taken out , old followers know that new should visit to see my analysis of Asian paints where I mentioned it. Attaching for your consideration.Then price will move to red support zone. If trader is short then shorts be booked here. To open new shorts when this red support zone is taken out then with the sl of zone go short with the target of white support. This is how one should trade in this scrip in coming days.
3. On other side If blue zone is taken out then long with the sl of blue zone. Investors should wait for price to come near white support. If this upper blue zone remains resistance then this process will take one to three months to come out of accumulation phase. In my style of trading and investments I follow conditions properly. Same expected to all who wants to trade or invest in this stock. I do not use conventional method of sl, entry and target to share with traders. I manifest complete trade with conditions to make people trading easy. Rest market will decide.
Note. All investments and trading should be done with the consultancy of your financial advisor.
YOGESH VATS