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 on daily chart with cup and handle RSI near 70 if sustain above neckline Target 8300-8500 SL Below neckline closing basis
NSE:MARUTI I am posting this as one of the follower requested. Observations: 1) On 1 Day time frame, we can see that it is near its 100DMA and also critical supprot range 7165 - 7200. There are chance that it will take support from this range. If it breaksdown and closes below then it will show weakness. Please refer below chart : 1day Time Frame. ...
NSE: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...
During Diwali season we can expect auto stocks to pick momentum and safer than tata motors will be Maruti! follow the 40-30-30 principle while accumulating it, as it's an expensive stock and we don't want to get trapped if the price goes against our view!
After the issue of semiconductor issue in auto sector , auto stocks have given a good correction. But chart indicates that the stocks are bottoming out. As always technical comes first then the news. MARUTI Buy-Above 6950(Add Till 6740) Sl-6590 T-7335 7655 8000+
Bearish Head & Shoulder indicating downward trend. There was already a bearish triangle pattern i found last week and now this bearish head and shoulder pattern is confirming down trend. One can short Maruti for a target of ₹ 5800 with a stop loss of 6800
Automobile 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...
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...
Go for long position on NSE:MARUTI Because 1. Positive Divergence in RSI. 2. Breakout after 0.5 level of Fibonacci retracement. Daily target at least 50-60%. Set your stop loss at a level of 0.5 Fibonacci retracements i.e; 7364.5.
Long 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.
Hello Trader's, Maruti's Chart analysis. Key Levels mentioned in the chart. Expected breakout levels mentioned. Keep Supporting guys and guide me if there's something wrong with the analysis. Keep Learning. "Do your own analysis before taking trade".
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.
Now It Looks Exhausted at top by making Head And Shoulders Pattern in Maruti Suzuki. After this Breakout a Down Side is Expected. So i have marked the Levels you can see through this chart.
Buy above 8000 for the targets of 8170, 8280, and more until 7835 is saved on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
It looks good for buy after successful breakout so keep eye on this stock