MARUTIMARUTI TRADING IN SUPPLY ZONE + BEAR TRIANGLE FORMATION, AWAITING FOR A BREAK ON THE DOWN SIDE
MARUTI trade ideas
Maruti (Positional)Maruti had retraced almost 50% since last rally. A bullish wolfe wave formation is also present.
MARUTI may crack up to 7230NSE:MARUTI had been showing bearishness for the last few sessions. It can crack up to 7250. It may bounce from there otherwise it can respect trend line.
Maruti - buyBuy from 7235 to 7220
easy target - 7450
tg2 - 7580
Disclaimer : This is my personal analysis for study purpose not intended for trading
Maruti slow and study upper movePlease share with family and friends. This is just a educational content and try to invest after consulting your financial advisor.
Inverse head and shoulders breakout happened and retest doneInverse head and shoulders breakout happened and retest done
MARUTI showed a good move this morning but profit booking cameNSE:MARUTI showed a good move after taking a bounce from it's 7350 levels. This morning it showed a good move but profit book came as soon as it touched 7600.
Chances of pullback in MarutiMaruti has shown a huge breakout on 23 jun and now reverse polarity can be seen. If price holds above 7450 it can show good strength upwards.
Suupport level reversalMaruti price is at support level . Good to go long .
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Maruti "Long"Last time we captured Maruti around 6550...
Now again the setup is looking very good
Breakout and then perfect retest with bullish Price Action at support.
MARUTI SUZUKI 1D - Price at Important LevelMaruti Suzuki price at very important level where-in one can see multiple patterns/price action
1) Testing previous resistance
2) Approaching 200DMA
3) Approaching previous consolidation area
Price is in imp area to keep watch and add this to your watchlist
Maruti to the moonCup & Handle breakout in Maruti with good volumes, Add near 7360 levels for an easy target of 8000+.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
Great Opportunity for Long in Maruti 1. Formed both "Cup and Handle" & "Inverted Head and Shoulder"
2. Re-test Done successfully
3. Breakout happened at major resistance
4. Raising Volumes during breakouts
5. RSI is also at good level
Buy at Current Market Price (around 7425)
Target 1 at 8340
Stoploss at 6800
** Target and Stoploss may vary, depend on one's Risk-Reward Ratio
** This one is purely based on my analysis
** This can't be taken as buy signal
** Do your own analysis before investing your hard earned money into any stock
Invserse Head and Shoulder patternMaruti is forming an Inverse Head and shoulder pattern. It has already broken out above the neckline at 7400.
Currently it is retesting the breakout level at 7400.
Holding this level it should reach the target of 8500 on the upside in this current rally.
Stoploss for this trade is 7200.
Maruti Suzuki Ind - Inverted Head and ShouldersMaruti .. Inverted Head and Shoulder in 15 mins time frame .. Same like Daily Time Frame..
Good to go Long from CMP..
NSE:MARUTI
Daily Chart :
15 mins chart:
#MARUTI...Inverted H&S BO has happened but can you make money??As can be seen an inverted H&S pattern was forming on the daily charts and a BO has happened...
Now many analysts here will show you a view of this pattern, maybe RSI/MACD numbers, and tell you how there is a huge upside to buying this stock right now..how you can earn 20% profits in a few months.. I am not saying they are wrong but I am not as confident as them about this trade...
Hear me out ...
These analysts fail to notice the thick multiyear resistance/support band just above the inverted H&S pattern... In my opinion it is going to give trouble in short term..and any who buy arnd 7300-7500 in the hopes of stock going up soon maybe disappointed...
If you are experienced and you know what you are doing .. Then go ahead and put your money in..
But if you are one of those people who took it as an investing tip from analysts here and do not know TA yourself..hold off...and only invest after daily candle closes above 7700 and retest of band happens...Yes you will make less money than most risk taking traders but you stand to lose less money too...
Remember, Multiyear resistance BO>=Weekly Pattern BO>=Daily Pattern BO...
Also note the inverted H&S forming in long term.. scroll chart left...
Can be seen better on weekly/monthly timeframes..
This is obviously my sole view .. you can choose to agree/disagree..TA always indicate the price movement and doesn't guarantee it.. However I strongly feel about what I said so keep an eye..
Maruthi bullishMaruthi looks will take support on previous resistance levels.
Can watch near levels mentioned in the screen.
Check on monthly cpr, may take support on center cpr, sl day candle close on below bottom cpr.
Disclaimer : Education purpose only.
