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MARUTI SUZUKI INDIA LTD.MARUTI SUZUKI INDIA LTD.MARUTI SUZUKI INDIA LTD.

MARUTI SUZUKI INDIA LTD.

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MARUTI trade ideas

Maruti :AnalysisMaruti is trading around a very crucial level of 7700. This level is held as a resistance since december last year. Possibility of the breaking out of is good after an accumulation period because of the following reasons:- 1) Bounce from Max Volume Zone. 2) EMA's showing long term side ways market (aka consolidation in wide range). 3) Closing above PP weekly and Rising PP levels. 4) Previous accumulation zone with volume profile support. It is not sure that this time it will give breakout but possibility of breakout is good. It is possible that maruti might retrace once again and then give a breakout in the next swing because a small retracement in nifty is expected. Breaking out of 8k levels will not give conformation till crossing of 8200 levels because maruti has overshot 8k levels multiple times in the past. So safest position to buy maruti is above 8200 levels one can also do accumulation of position till 8200 levels with strict sl below 8k. Above 8200 range is open till 10,000 which it can attain in medium to long term. PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
NSE:MARUTILong
by Umang_Sharma
MARUTI wave count.Intermediate B ending soon.Primary : wave 2 Intermediate : wave B So far we are done with the 5 wave impulsive rise on intermediate degree in Maruti there by completing Primary wave 1 @ 8308 on 22-01-2021 and since then we are seeing wave 2 correction unfolding on Primary degree. In this Primary wave 2 we are done with intermediate wave A and wave B is currently going on,which is nearing it's end.Post this we can see impulsive wave C unfolding to complete FLAT corretion. Scenrio 1):If on Monday ie 23-11-2021 we see close below 8000 we can assume that wave B on intermediate degree is done as we can clearly see that prices was going up in channel and reversed precisely after reaching upper end of raising channel add to it we also had 100% retracement level of intermediate wave A at 8308 which we achieved in yesterdays trading session so going ahead we can see impulsive move unfolding on the down side to complete intermediate wave C if prices close below 8000 on monday.As of now we are yet to get confirmation of wave B ending hence one should wait for a close below 8000 in order to trade wave C on the short side. Scenario 2):If price continues going up,in that case we can still assume that wave B is yet not finished.On the upside we have a intermediate wave A 123.6% retracement coming at 8750 and 161.8% extention of minor A coming at 8841 there by creating a rasistance zone of 8750-8840(roughly 1% range).If price faces rejection in this zone and closes below the low of candle with highest high then we can assume that intermediate wave B has terminated over there. Scenario 3):If price crosses 8850 and stay's above it for couple of day's then this count will be invalidated,and we can assume new impulse in form of Primary wave 3 has started. Personal view:I am favouring first and second scenario over third because we have not seen price achieving 61.8%% extention of intermediate A during the fall of minor B,meaning intermediate B is also sub divided in three waves.Also if we consider time factor then wave B generally takes more time then wave A which is not the case if we consider minor A of intermediate B as entire intermediate B.Hence we can assume that wave C on intermediate degree is not.If we get an impulsive fall from current levels then we can expect prices to fall between 7190-6460 zone. Action to be taken: Observe price action and see which of the above scenario is ful-filled,in case of scenario 1 or 2 getting fulfilled one should look to take trade on the short side keeping highest high of the candle from where the prices has reversed as initial SL,which should be trailed ob day to day basis.In case of scenario 3 one should wait for prices to consolidate and should avoid taking trade as risk reward would not be favorable at that point of time.If trade should be taken by following money management and risk management principle's and sizing should be done accordingly. Disclaimer:Analysis shared is only my view and trade should not be taken solely on it's basis.I am posting this analysis for my future reference purpose.
NSE:MARUTIShort
by UNDERDOG-29
2
Maruti Long for short time frameI hope you can now see how Maruti represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:MARUTILong
by EntryandExit
Chart of the week. Maruti. 21/11/2021Maruti has made Inverted Head and Shoulder pattern on its weekly chart. This is trend reversal pattern and one can expect stock to move up henceforth. This recommendation is mainly for long term investors, however, short term investors can keep a SL of 7400 weekly basis. Long term investors can expect huge gains over the period of few years. A great Techo Funda stock to keep in portfolio. CMP - 8117. Target - 9800, 13600 W. View - Medium to Long term. SL - 7050 W
NSE:MARUTILong
by AbNamjoshi
Fine Long Term Pick With Good Technicals !MARUTI : CMP 7162 Highlights trade set up : 1.buy above 7490 2.keep stop loss as 6715 3. targets 7947/8237 short term 8845/9127/9550+ long term technical buy based on : 1. trend line 2. support / resistance 3. symmetrical triangle 4. strong volume 5. multiple time frame analysis note : stock is forming strong bullish structure with huge volume setup in monthly candle . and dry volume during corrective phase . its near multiple time frame price resistance zone of 7500 . buy above with mentioned stop loss for long term good targets . with festive seasons ahead expected good surge in sales volume and results too.
NSE:MARUTILong
by HARMONICSANAND
5
Maruti Suzuki IND '' up to 24 % gains "Hi Traders /Investors , This is a Swing / Positional Trade . I can see a bullish momentum in Maruti Suzuki because of following reasons :- 1) Formation of Inverted Head and Shoulders Pattern . 2) Also formation of Double Bottom chart pattern , which is also bullish. 3) Can also enter this trade after a Retest at prior Resistance level now acting as a Support. Giving a Risk to Reward of 1:3, Entry - 7978-8150 levels Stoploss - 7370 levels Target - 9910 levels This is just an analysis so don't take any decisions solely on this basis. Please give a thumbs up if liked this analysis as it requires deep research.
NSE:MARUTILong
by DhRuV0007