MARUTI trade ideas
MARUTI SUZUKI.... What should I buy now? We know our market is overheated and our market can correct a bit anytime.
Going ahead, Nifty IT, FMCG, Infra had rallied well. I'm not expecting a major move in these stocks and they are likely to be rangebound.
Nifty metal - looks weak.
Nifty pharma, media, PSU banks - need to breakout.
Sectors to focus on- REALTY ( broken out and more rally to come) AUTO (yet to breakout but looks very good technically), AND BANKS.
I feel in the next two months auto stocks including tyre manufacturers and auto component manufacturers will be the best-performing stocks.
Most auto stocks look good technically. In the cash market, you can buy any auto stock and can expect decent returns in the next two months.
Here, we can see Maruti Suzuki had broken out of the resistance trendline. It is giving a small retracement and will start rallying. Targets are marked on the chart. Happy trading!
Maruti Buy above 7455 SL 7342 TGT 7551Please use trendlines for resistance and support. Do your analysis before taking any trade.
DOUBLE Your Capital?Maruti Suzuki is forming a beautiful inverted head and shoulders in the weekly time frame. Once broken at 8500 it will give a short term targets of 10000 and if that is broken a good target of 13000+ levels are possible ( This is the possibility based on the technical approach although the semiconductor issue may be there till the mid of 2022)
This stock deserves to be on the watchlist for the coming months.
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Happy Trading :)
LONG ON MARUTIDuring Diwali season we can expect auto stocks to pick momentum and safer than tata motors will be Maruti!
follow the 40-30-30 principle while accumulating it, as it's an expensive stock and we don't want to get trapped if the price goes against our view!
Maruti ready to drive on the fast lane !!Maruti has given a breakout of the trendline from the last 2 months. Supported by the trendline breakout in the RSI and MFI.. Looks like there is only one direction this stock is going and that is UP.
MARUTI is showing good momentum with good volumesNSE:MARUTI is looking strong. It can keep it's momentum for some time.
MARUTI BreakoutMaruti has broken out from a Triangle pattern. Targets are marked in the chart. SL below the swing low on the daily chart.
10% profit MARUTI Suzuki Break and retest strategymaruti suziki taken main support on 6800 point then it go upside upto 7100 then stock pull back to retest 6800 support level.
from this level stock pass retest theory and now it is ready for uptrend.
based on Break and retest strategy
MARUTI -Bottom CreatedAfter the issue of semiconductor issue in auto sector , auto stocks have given a good correction. But chart indicates that the stocks are bottoming out. As always technical comes first then the news.
MARUTI
Buy-Above 6950(Add Till 6740)
Sl-6590
T-7335 7655 8000+
maruti almost target achieve`almost target achieve in maruti susuki and mahindra and mahindra . that 's the reason why are you buy with trend direction...
What a strong comeback by the INDICES! NIFTY batting 17822!NIFTY 50 EOD ANALYSIS -23-09-21
IN SUMMARY
O / H / L / C
17670.85 / 17843.90 / 17646.55 / 17822.95
H-L = 86 points
VIX 16.6 / +0.67%
FII DII: +1530 Crores
SGX NIFTY at 1930h - 17853 +22 points
Likely open: Flat to mild positive. Profit booking may kick-in in the PM session.
CHART BASED CONCLUSIONS - 15 M Chart
A strong gap-up open and a sustained rally that ended the day a few points above the new ATH of 17843.9.
It was after a long time that NIFTY was supported well by BANK NIFTY and other sectors as well.
NIFTY yet again ends in the proverbial uncharted territory.
The daily chart shows that today’s candle is up in the air like a rocket fired by someone.
NIFTY WEIGHT LIFTERS & DRAGGERS
The Weight Lifters
RELIANCE 42
HDFC BANK 32
HDFC 30
BAJAJ FINSERV 28
ICICI BANK 19
TOTAL 151
The Draggers
HDFC LIFE 02
ITC 02
NESTLE 02
DR REDDY’S 01
BRITANNIA 01
TOTAL 08
Lifter - Draggers = +143
POSITIVES
RELIANCE chose to join hands with the HDFC twins and then what comes out was a blockbuster.
BANK NIFTY also joined the party and has gained the lost ground in a matter of just one session.
There are plenty of positives and the list would be long so I am not writing it here.
NIFTY ends on yet another ATH and for the first time close above 17800.
NEGATIVES
As a mark of respect to the bullishness and positivity shown by the markets, let me not even think of any negativity at least for today’s analysis.
TRADING RANGE FOR 24-09-21
I am not sure what to state about NIFTY levels. So I will let it settle down in the new terrain and will see where it ends the week before stating any levels.
The spike in BANK NIFTY has torn apart all the levels on the downside so will wait for the index to end the week before stating them. The resistances are obviously at 38000 and then around the ATH of 38100+.
INSIGHTS / OBSERVATIONS
All constituents of BANK NIFTY ended in the green.
FMCGs are known as the defensives and today when the Indices were on a roll, there was mild profit booking in the sector as HUL, ITC and BRITANNIA ended in mild red.
TATA MOTORS at one stage was up 4% and as against that MARUTI could barely move in to the 1st gear and struggled throughout the day drifting towards the P Close several times.
For the last 2 days, similar price action had happened in the HDFC twins and today we know what happened! Will MARUTI follow their example tomorrow?
RELIANCE may take its time to reach 2500 as it made an ATH of 2497 just around one of the FIB extensions.
Peak margin rules would get invoked from tomorrow morning. So for retail traders like me, as regards Stock Options are concerned, the month would be expiring tomorrow around lunch as thereafter, many retailers like me, would start exiting thereby put pressure on the downside as regards Option premia are concerned.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
23-09-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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Maruti Buy 6809 TGT 6879Please use trendlines for resistance and support. Do your analysis before taking any trade.
Maruti Buy 6800 T1 6843 T2 6870Please use trendlines for resistance and support. Do your analysis before taking any trade.
MARUTI GO LONGMARUTI Long can be initiated based on the Harmonic patterns for a target price of Rs 7500-7550 in 3-4 weeks for 7-8% upside.
Maruti Buy 7000 T1 7025 T2 7043 T3 7052Please use trendlines for resistance and support. Do your analysis before taking any trade.
