Maruti has already made a double top pattern previously followed a continuous move towards up, and formed a curve where buyers and sellers were both confused where the direction of the stock is?
After forming a double top pattern the stock has moved towards down direction.
At current level it is forming a disjoint channel, and the stock is moving near the...
The stock has already taken its support, and now trading near the support there is a price rotation, sellers and buyers both are active this the stock is not able to decide its route.
thus if the stock cross 211.46 it can move up-to 215.70 and still further up move.
Strong support level 206.65, if the price cross this level the stock will be bearish.
Price after a big fall trading in a range market, it is trying to break 1.84500 levels which is considered as strong resistance levels for the last 4 months. Now once again price is trying to break this levels and plan your long trade if breaks the resistance levels.
We could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.
Buy above 980
Sell below 960
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
...
Price gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have...
Price travelling in a parallel channel and after taking the support from the trend line price unable to move above 750 - 755 levels once if price breaks this levels then the channel top will be the target.
Price after taking the support from the parallel channel went up super bullish and reached the channel top in 3 days, that is almost 20 points move in three days.
But now the price reached the top of the channel and going long here is not a good idea. Those went long at the support might wait for the break others must wait for the 165 levels.
Price nearing April 2020 resistance, if breaks and closes above strongly then one can go for BUY.
If price come back to trend line support and if you are an aggressive trader then go long with small stop loss.
Price as discussed in weekly time frame ( related ideas) rejecting from the trend line, as said after confirming the rejection we can go for short trades.
AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade.
If channel breaks up then the above...
