HEAD AND SHOULDER PATTERN : MARUTIBest setup for Swing Trade if Neck Line is Broken, Immediate Target Will be All Time High, So wait for Price Action to Happen
MARUTI trade ideas
Marutui- Beginning of Elliott Cycle-Double Bottom - Buy on DipOn Weekly chart Maruti at Beginning of Elliott Cycle
Buy on Dip
Short Term Targets
7200
7500
8000
Long Term Targets
9000
9500
10000
Note: This is for educational Purpose only
Intraday set up 1 - Maruti EMAs + S/R + Trendline breakdown?60 MINS 200 EMA @ 7460
SELL IF THE ZONE IS broken with selling volume.
If 7545 is broken with volume, we will see more upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
MARUTI- BEARISH REVERSAL PATTERNHi All,
I hope you are all doing good :)
While going through the sector charts, Auto seemed promising and I found a really strong chart in this sector - MARUTI.
It is the leading stock for the auto sector. Let us understand how it is setting up.
After making a high in Dec 2017, the stock started correcting. Formed a base in march 20(Covid fall) and started rising. Now, this rise becomes more promising as it is being formed in a typical reversal chart pattern i.e inverted head and shoulders, which is one of the strongest reversal patterns.
For such patterns, STOP LOSS is generally kept at the bottom of the right shoulder.
How did I come up with the TARGET? Simple , calculate the distance between the neckline to the bottom of the head and mark it above the neckline.
A promising break above the neckline (green horizontal line) may give us the target as mentioned in the chart. Do note and duly keep in mind that this is a weekly chart and hence the trade could take many weeks to reach near it's pattern target.
If we do not want to wait that long, we can keep our target at 9500 (previous swing high) which will also give a good R:R of 1:2 as per the stop loss mentioned in the chart.
I would request you all to study this pattern a bit, just google inverted head and shoulders pattern and a 10 min read about the same will give you a lot of understanding of this reversal pattern. Then, you can define an entry and exit for yourself and as per your money management.
I am always open to any doubts, suggestions, feedback. You can comment or message me:)
Let's learn and earn together, Cheers!
MARUTI Retracement ShortStrong Confluence for Retracement
All Levels Mentioned On Chart
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
Descending ‘MARUTI’Today Maruti Suzuki’s Chart indicates a Descending Triangle pattern. But it will take time to complete the formation and get results. I believe one should use ADX and trade when ADX value goes above 25 along with the breakdown of the trend…
If both of the conditions satisfy it will be a great trade believe me!
NSE:MARUTI
[POSITIONAL] MARUTI LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Maruti SuzukiWho can spot a crazy IH&S on this chart and a VCP as the right shoulder? This will require patience but money is made sitting on it and not moving it around all the time.
Will Maruti break weekly trendline?Will Maruti break weekly trendline and start a new journey or a downfall is coming? Share your thoughts
Maruti Suzuki-Ascending TriangleIn Weekly & Daily Time frame Maruti is hitting its resistance shown in dotted line and forming ascending traingle.
Watch out for breakout in few days.
maruti long term investmentlong this stock in delivery once candle closes above red line and target for long being 9320-9366
good luck
wait for signal
Breakdown @ Hourly ‘MARUTI’Breakdown from an Uptrend could be seen in hourly chart of Maruti Suzuki.
This could be a great Shorting opportunity.
GudMoning...I am here with another punp coin, Maruti coinz GudMoning...I am here with another punp coin, Maruti coinz are luking gud here, we must punp them.
Lets do it oke af.
oke
oke
MARUTI SUZUKI INDIA LIMITED-THE POTENTIAL BEAST TO RISE?India's largest automobile manufacturer is seen to have factored in all sorts of negative news inflows relating to low production volumes ,semi conductor shortage, global rise in raw material prices, sky rocketing fuel prices and lots more.The beast had given a breakout from a triangle pattern with a successful retest and looks as it would continue the upside rally. Maruti is seen approaching its multi time tested strong hurdle zone of 7700-7900, a closing above 8000 on a weekly timeframe will make the people square off their short positions in the markets and will bring in fresh buyers in the system. Aggressive traders can enter after the weekly closing of 8000 with strict suitable stop losses and the set of defensive traders can enter after 8250 is taken off and after an analysis of the option chain, not exactly but it is forming a structure similar to an inverted head and shoulders, targets to be expected in the medium to long run are 8675-9300-9900. the reason i always say to maintain a strict stop loss is that ;to stay in the game you need your capital and your first aim must be to protect your capital, NEVER RUSH INTO ANY TRADE,WAIT FOR THE ENTRY TO TRIGGER AND THEN RIDE THE TRADE WITH PATIENCE AND CONVICTION
MARUTI SUZUKI WILL BE ROCKETAs per top Down approach
Auto Sector Is looking Bullish in all time frame
Maruti Suzuki is about to give head and shoulder pattern breakout
RSI and Volume and is showing bullish strength
One should buy above 8000 for safe traders, aggressive traders can buy above 7900
First Target will be 9500, the Last target will be 12000
Happy Diwali and Happy Trading
MAruti - Long Trade IdeaMaruti has given a good breakout in weekly time frame out of consolidation pattern.
Stop Loss - 7200
Target 9200
Cash only trades - no derivatives.
Disclaimer - we are holding from 7450-7500 levels.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
MARUTI SUZUKI MARUTI
Price at a very Important resistance as well as Trendline Breakout.
Keep in Radar once the stock trades above the trendline for a massive upmove.
This to be held only for long term.
Targets can be seen at 10000/16000+
NSE:MARUTI
Maruti Breached LT Resistance. Heading towards 8500 / 9000Maruti has been facing resistance at 7800 since long. After 3 attempts, it overcame the level. First phase would be short covering till 8000 and then will turn into long buildup. Buy as near as 7800 SL 2-3%
Targets are mentioned as Blue (Fib Extensions)
Maruti- Inverse H&S on monthlyAlthough, we have to wait for the month to end for confirmation But if this candle sustains; then whatever might be the info like- Maruti lagging behind in electric vehicles, poor quality etc, Chart will become bullish with a great risk reward.
MarutiBreakout on daily chart with cup and handle
RSI near 70
if sustain above neckline
Target 8300-8500
SL Below neckline closing basis
