as all auto sectors are running but maruti showing a range moment till now,
if it breaked the upper yellow area then a huge rally will be made what if it breaked the flag trend then a short term downtrend will be there
full analysed chart is on my free VIP group message me to get in, i will freely guide you
god bless you all
Important levels are mentioned on chart, a reversal from this point will give a good trade opportunity on long side. While break and sustaining below this level will invite bears.
This is post is purely for education or research purposes, it is not a trading / speculation / investment advise. Please consult your financial adviser before taking any positions.
We 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...
Stock 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...
MARUTI simply trending ABOVE ^
Trend line support is around 5750,
Resistance around 6000.
If stays above 6000 we may see level of 6245 in the near term.
Updated :20 July 2020 8.00am.
Disclaimer: Only for learning purpose.
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...
Key Levels for MARUTI SUZUKI : INTRADAY CHART ANALYSIS
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
In last post week back I gave you detail of this stock , which phase is going on . You can check that also attaching in this post. I made blue zone and told that it would be tough for this stock to take this out. You can see five sessions spend but maruti could not take this out. I trade on conditions because...
Enter Long Position in Maruti Suzuki above 5735
On a daily chart, Maruti Suzuki looks good above 5735.
Should wait to enter long position till it gives clear signal.
Right now, looks bearish
Support at 4945
Resistance at 5650
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
R:R is 12-15 times.
Maruti Sell Below 6170 Stoploss 6205 Target 6088-6000 Resons For Trade- 1.Price near to 15 minute channel resistance 2. Price near daily resistance of 6200 3.Weak Candlstick pattern on 4 Hour Chart 4.Daily Trend is Down 5. Risk Reward is 1:2
Cup & Handle pattern observed in Maruti. Pattern is confirmed as price has broken above 6080. Pattern suggests a target of 6260.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable...
Inverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and...
Descending Triangle pattern spotted in Maruti. Depth of pattern looks to originate from 7950 towards the base of 6500, forming a considerable 1450 points. Pattern could be considered valid once the price closes below 6500. Further, if the pattern is confirmed technical target would be at 5050 based on the pattern. That accounts for a fall of 22% from 6500. Hence...