MARUTI trade ideas
Maruti "Long"- Falling wedge pattern
- 3 days of trading and closing at same price
- volume is getting absorbed
- ready for an upmove next week
maruti looks trong for short termmaruti have broken upside from descendig channel and looking to move upside with low momentum.
one can go long at this price with the target of 7200 and stop of 6400
RR=1
maruti can buy 7300 ce may expiry at 18/- lot size 100 amounts to 1800/-
stop loss at 9/-
maruti stowed Head & shoulder pattern gets to lower levels and about to recover.
only for educational purpose.
I am not a Qualified advisor.
Reversal#Maruti looks like a possible TrendReversal candidate as long as 6408 is protected. Will slowly accumulate it to the portfolio with protection.
Maruti Suzuki - Double TopMaruti Suzuki has formed a double top in daily TF
Short when the reistance zone(around 6800) is retested and a bearish candle is formed
Stop Loss - 6900
Target - 6500
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Regards,
Segan
Maruti at resistance levelMaruti trading at very close to the next resistance level....may take entry for long position after 6854 level for Targets T1-7129, T2-7356, T3-7589, double bottom or W- pattern also confirming the strong Buy signals. Above targets are derived from Fibonacci retracement. This is only learning purpose, before trading please take advise of your financial advisor....
Trend ChangeOnce price crosses the resistance line, we can go for long. A positional trade which has the possibility of 20%
Maruti is in a important ZoneThere's a supply zone in Maruti. plus RSI Divergence. From this lavel maruti can go down.
Maruti near long term supportMaruti has already retraced more than 38% from the top. Long term support zone at 6450-6400 which it held in two occasions in last few months. Short term support seen at 6250-6300 levels which can be treated as the stop-loss zone. RSI divergence is prominent in the stock.
Idea: Buy Maruti around 6400-6450 range with a a strict stop loss of 6250-6300 zone.
Maruti - Trendline ReversalLong can be executed as the price and RSI breaks the trend line in upside for minimum 80 points target. This analysis will be valid till May or June. Exit once the stoploss is triggered.
Kindly share your valuable feedback.
Disclaimer : please do your own research or consult your advisor before taking any trade. This view is for educational purposes only.
maruti longbuy at current level for long term holding at this level at 6764 levels with a target above 7300
Maruti breakout at support levelGood swing trading opportunity in Maruti. Good breakout near support level with good volumes.
