MARUTI trade ideas
MARUTI is showing some profit booking today.This could be some retracement in NSE:MARUTI and it can show 7700 and 7800 again if market is in the same momentum.
Get position safe, as maruti suzuki has been shown exhaust on weGet position safe, as maruti suzuki has been shown exhaust on weekly chart, also it's a double top . If this week close can't surpass 7728 level it could be a false alarm. Lower target are still open lowest could be 6600.
MARUTIMaruti, 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 stock, this can take months to play out but we have started an uptrend for the sector, we can face next resistance at 7964, 8400 and 9520 levels, one can go long at these levels or in dips ( if any ) with mentioned key levels.
wave structure and key levels are mentioned on chart
macd in weekly positive crossover uptick above zero line
macd in daily positive crossover uptick above zero line
rsi in weekly uptick above 60+
rsi in daily above 60 and near 70.
dmi adx in weekly positive ungali
dmi adx in daily positive
weekly near bbc
daily upper bbc
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
MARUTI can show 7800 levels despite some profit bookingNSE:MARUTI is showing some profit booking today. From here, it can either consolidate for sometime or move towards 7800 after a brief pause.
Maruti Suzuki is at an important level to go up or down …. Maruti Suzuki is at an important level to go up or down ….
Reasons/Traits :
• Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up)
• Currently at 6781 … retest level to go up or down
• 5 EMA is crossing 20 EMA from bottom
• ADX is indicating strong trend
What can happen next :
Scenario 1 : If retest of 6781 is successful then price can go up to 7320/7650 to complete retracement
Scenario 2 : If retest is a failure then price can dip to 6590/6360 levels
6800 is an important level, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Maruti Cmp 7701 dated 11.10.2021 ROUNDING PATTERNMaruti Cmp 7701 dated 11.10.2021
1. Rounding Pattern BO @ 7650.
Buy for a tgt of 8700 SL 7400
It is just a view, pls trade at your own risk
MARUTI 1D TFShort term swing trade. As the Auto sector has started its bull rally, we can expect a good move in this stock as well
CMP :- 7403
SL :- 6900
Target :- 8250+
R:R :- 1:1.6
Double Bottom patternThe stock is making a double bottom pattern and looks good above 7815 level for further upmove
MARUTINIFTY AUTO Index have formed similar pattern like MARUTI - Inverse H & S, and Triangle pattern. TATAMOTORS and MARUTI are two major constituents which will move AUTO Index.
Bullish Momentum above ~7700
Maruti Buy 7398 SL 7312 T1 7485 T2 7556Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Maruti is on FirePerfect triangle breakout here. We are free to take the entry at this point and sit tight to enjoy the rally.
Thanks
MARUTHI SUZUKI - WEEKLY BREAKOUTMauthi Suzuki has given a breakout with decent volume.
One can go long with the current CMP .
The Breakout supported by the MA given a good validation signal for the breakout.
This is just for Educational purpose only
MARUTI expecting breakoutThe bullish momentum is seen in MARUTI for the last week , breaking the Resistance line might create a bull motion with a target of 8400, while ultra bullish thesis might be a target of 10K
Maruti Looking Bullis Above 7060Maruti Looking Bullish Above 7060 as on support on monthly basis if will sustain above 7050 on closing basis should touch 7200 - 7300 in coming days
Maruti Buy 7188 SL 7097 TGT 7234Suggestions are based on my analysis only. Please do your analysis before taking any trade.
