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...
Maruti, after consolidation phase of wave 2, this stock has given breakout from resistance trendline along with good intensity of volume, with upper bbc in both weekly and daily time frames, wave structure suggests that wave 1 and 2 has been completed and now wave 3 has been started, as wave 3 unfolds price can show the bigger levels of all time high in this...
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!
Maruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ.
This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ).
We can also a downtrend line is broken, but for...
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.
This is not...
MARUTI Suzuki is getting ready for the 7000 rocket launch!
Just in a matter of 3 to 4 trading weeks.
Positive news over Maruti in the auto industry gives a better push to reach the expected level (7300)
Equity buyers can buy at the current level at wait for another 2 weeks or beautiful results!
For F&O is a new month for you guys!
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.
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".