Maruti ki gaadi chali..Chart -> Maruti Suzuki Weekly
Broke 2018's double top with a bullish candle.
CMP: 10,330
Good Range To Buy: 9,700 to 10,300
Targets: 13,570 and 15,830
SL: 9,330 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Suzuki
Maruti Chart Analysis !!📈 Maruti 📉
My Findings :-
1. Breakout from a Resistance Zone.
2. Double Bottom Formation.
3. Higher High and Higher Low formation.
Bias- Long
Target- 8210, 8697 and 8952
SL- 7350
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
maruti suzukibuy 2-4 shares b/w 6800-6450
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stoploss - 5427
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add again some share after it reverses from 6450
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again buy when it breaks 3 lvl of 3rd wave
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thanks....
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Long Term Investment The Brokers wont Tell UDear Investors(Not Traders)
The Engineering field is in fast development and New innovations and refined technology is evolving every day,Recently scientists developed polymer based solar cells (very cheap) with 13% efficiency solar and is in production now.The traditional solar cells are very costly and only 3 to 5 % efficiency.
Another development is in the field of Storage battery which is claimed that the current Lion Battery Technology(mobile Battery) is refined to get four times the capacity with reduction in price almost less than half.
Combining the above technologies in auto sector You will have a sedan cars in roads with a 500 to 1000 km range in a single charge and getting more km with the roof top solar cells from rupees 10 lakhs onwards by 2020 to 2025
Suzuki still not launched any electric vehicle in India.
Now a days New business bombarding the market and trying to wipe out the existing players,like Reliance JIO,PATANJALI.
At present Mahindra had an electric vehicle in the Indian market.If suzuki is not introducing any electric vehicle in the market very soon Tesla the US company(Have very good relationship with Hon.Prime minister of India Mr.Narendra Modi) will Bombard the Indian auto market and maruti is going to meet the fate of Hindustan Motors (Ambassador).
Your comments and likes are welcome
Wish all of U HAPPY ECO DRIVE