MARUTI trade ideas
MARUTHI AS EXPECTEDIf you have seen my previous analysis....congrats you have made superb profits ....do follow me for more analysis and say what i should analyze next
Breakout of Inverted Head & Shoulder on 1D TFPositional Trade
MARUTI
Buy: 7423;
SL: 7100;
T: 7800++8230++
-Mohit Rajani
Maruti Suzuki: Cup & Handle Breakout!!!Observations:
1. Stock has given breakout after forming CUP & HANDLE reversal pattern.
2. Fibonacci level of 0.5 (7293.40) has given breakout which will act as support as per Principle of Polarity.
3. Strong volumes has seen near breakout zone.
4. Short term EMAs suggest uptrend.
5. RSI has moved above 50 which shows strength in stock.
Considering above, following are possible trade details:
Buy between 7,430 - 7,450
TGT: 8,325 (See measure rule of Cup & Handle )
SL: 7,214 ( Little below of breakout candle )
RR: 1:4
Measure Rule of Cup & Handle:
1. Measure distance from lowest point of cup (Point A) to neckline of cup (Point B) which comes to 936 (7336 - 6400)
2. Add difference from breakout point (point C) 936 to achieve target (point D) which comes to 8366 (7430 + 936)
3. However, looking at fibonacci levels, Target price can be expected around 8325
Disclaimer:
This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.
Trend Reversal - Inverse Head & Shoulder BreakoutPositional Pick !!
Clear Trend Reversal on charts with Inverse Head and Shoulder Pattern on daily charts. Price clearly breaking the resistance with good volume. Inverse Head and Shoulder can also be seen on Monthly Charts. So can breakout soon on longer time frame as well. Can turn out to be a goof investment after monthly breakout.
Maruti firing up like anythingLook at NSE:MARUTI , it's rallying towards 7500 and 7500. Immediate phycological resistance is 7500. It can rally towards 8000 after a small retracement. I am still holding. It was discussed a few days back.
Long On MarutiInvert head and shoulder pattern found on Maruti.
Note: This is only for educational purposes and do your own research before investing.
Swing Opportunity in Maruti SuzukiGo Long above 7387.1 for Targets of 7953.2, and 8519.3 with SL 6821
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. The stock is forming a bullish chart pattern, Inverted Head & Shoulder.
Maruti Inv H&S on MonthlyClose above 7750 will confirm inv H&S
(Looking and momentum it is very likely)
T : 11500
SL: 6250
MARUTI near breakout Inverted Head & Shoulder, Morning starMARUTI near breakout Inverted Head & Shoulder Pattern is formed. Also morning star is another confirmation of uptrend.
Swing Target: 7363
breakout above 7392
Long target: 7800 +
MARUTINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
MARUTI - Logic and plan in detail 🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟
✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel
✺Plan
✣Let it Breakout all the trendlines mentioned in the Logic section then go for a long as I would have done that according to my RR ratio
✣Above 7500 the stock might touch 8000 again and might even go higher
✣Risk: Stoploss can be either BO candles low or if you have patience then you can go for the swing low that is - 6800 ( might be 10% from your buying spot, but the reward will be = 10% to 12% at 8000 to 8200 supply zones )
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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#Maruti cash : Looks good above 7300.10#Maruti cash
22.06.2021
Looks good above 7300.10
stoploss 7240
Target 7358-60/7440
Cmp 7265.40
Maruti - Inverted Head and Shoulders (INHS) ViewMaruti :
Looks ready for INHS Breakout
Long above 7400 with a SL 7250
Inverted H&S pattern - strongly bullishMaruti is forming a long term inverted Head & Shoulder pattern. A huge breakout is expected after the first target is hit in the coming months. Treadling and pattern breakout is likely to happen
