INVERSE HEAD AND SHOULDERSMARUTI SUZUKI has been Weekly TF shown INVERSE HEAD AND SHOULDERS breakout and retest level 9910 and 10% up remaining target will be a few Weeks
MARUTI trade ideas
MARUTI SUZUKI IND NSE 200 DAILY EMAMaruti Suzuki is receiving very good support on daily EMA , also the monthly RSI looks positive. It also forms a good cup in a weekly time frame, that is what the green line suggests at around 9935 which might work as support.
Only one indicator is enough to trade.Yes. ! Super trend.
If we know how and where to use this indicator, you are sure about getting very good trade.
It ensures
1. Low risk
2. High returns and at times real big trend
So how to use it?
1. Prefer larger time frame to avoid noise. I use weekly.
2. Once super trend is green wait for pullback towards super-trend.
3. When supertrend acts as support/resistance and price reverses from nr super trend make entry. (I would wait for break of earlier week high nr super trend)
4. SL is close below super trend. (weekly close for weekly chart)
5. Try to exit far from super-trend to book profit. (Target around 15% possible on weekly)
Opposite is true for shorting in down trend....!
All these charts are from Nifty50 stocks
Note: I am re-publishing this post as earlier post was on Nestleindia which got split and chart is not getting updated.
Maruti Target hit 10700 , buying given near 9800 , avoid buy nowOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
MARUTI - Weekly AnalysisIn the Weekly Chart of MARUTI ,
we can see that; it has retested the Inverted Head & Shoulder Trendline and gave a strong pull back.
Expected momentum is shown in chart.
Maruti Positional viewplease refer to the chart.
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Maruti is ready for another move-Taking support on previous resistance
-retest done with strong closing
-volume is still up
-institutions are active
Resistance to support in marutiMaruti ready to fly to new highs.
Earlier lifetime high of 10k has now become support and there is positive momentum.
We can see good retest of supertrend also.
MAruti Good Bullish candle Maruti : Strong Bullish candle with breakout of trendline shows it may start new upwave
Long is building up might be
Maruti Chart Analysis for Swing Trading 31.01.2024At present Maruti is trading at 9951.
Maruti Can be sold below 9950 for the targets of 9809, 9410 and 8966.
If anyone wants to buy options, you can buy PE of 10000 Maruti.
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MARUTIMARUTI looking good. Wait for ABOVE level weekly time.
buy after above weekly candle close.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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Maruti Suzuki looking good for long term near 9600-9700On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bulls taken Driving seat from Bears in Maruti Suzuki::Tgt 9800+About Company:-
The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor
Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake.
The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts.
Market Cap
₹ 2,61,620 Cr.
Current Price
₹ 8,660
High / Low
₹ 9,769 / 7,062
Stock P/E
35.3
Book Value
₹ 1,893
Dividend Yield
0.69 %
ROCE
8.95 %
ROE
7.25 %
Face Value
₹ 5.00
Debt
₹ 625 Cr.
EPS
₹ 246
PEG Ratio
-4.44
Promoter holding
56.4 %
Intrinsic Value
₹ 3,045
Pledged percentage
0.00 %
EVEBITDA
21.4
PROS
Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 36.5%
Fundamental Analysis:-
Maruti Suzuki is expected to outperform in a moderating growth environment in FY24E, driven by its promising product pipeline. According to sources Maruti Suzuki going to launch of three more new products in the next six to nine months. This all will lead this company Stock price towards 10k plus levels.
Technical Analysis:-
Maruti Suzuki has given proper breakout of falling trendline and made double bottom valid pattern in daily timeframe, Price action indicating a bullish momentum in Maruti Suzuki,,,time has came to say bye bye to bears in it. All levels has written on Chart, Trade accordingly. Always think long term. This is also one of the best Gem to invest in long term. Trade Carefully and Trade with Strict Stop loss.
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buythis will take recent low as support and moving up in coming session as this formed a double bottom.
MARUTI - 10400/10800 comingMaruti reversing from the support, good buying area.
Can test 10400/10800 in next 1 week. Keep on radar
Head and shoulder pattern breakout1. Head and shoulder pattern breakout on monthly chart.
2. Multi year breakout with good volumes.
3. stock retested the breakout levels.
MARUTI - WEEKLY BREAKOUT - EXCITING OPPORTUNITY Weekly breakout in MARUTI with good volumes. The stock has been consolidating for 16 weeks after the breakout and taking support on the breakout trendline. It is a good zone to buy as the Stoploss is small while the upside looks very good.
The stock's Fundamentals look very good as well. Overall it will be a good bet.
Maruti Seems to change trend as of now After consolidation from 11000 to 10000 , now Maruti seems to shift gears again
maruti - trend change?/maruti looks like a trend change but confirmation of LL would be more convincing.
Maruti Cmp 10380 Hammer Candle @ supportMaruti Cmp 10380 dated 13-12-2023
1. Hammer Candle @ support
2. Good RRR
Buy above 10415 target 10500-10600-10700-10800 SL 10250
It is just a view, please trade at your own risk.
Maruti - Long | Principle of PolarityMaruti 10,300 | Principle of Polarity
Keep strong eye on Orange Trendline.
One can make long position with Strong SL as Orange Trendline.
Maruthi Downtrend Movement. Check the targetMaruthi Downtrend Movement. Check the Targets
Symbol Maruti.
TIMEFRAME 2 hour
Technical analysis. Breakout pattern
Note: this is only for educational purpose.
this car should speed up from here!!Fib Analysis- The stock has taken support at 38.2% from a higher swing. This is an indication of strength. The stock is trading in a broad range of 10200 to 10700.
RSI - support in the bull zone is again telling the trend is up and strong,
MA- It took support above the longest MA of the three. This is very positive.
Volume- it made a low on a low volume is again positive.
Candlestick- the key reversal at support is a sign of reversal.
R1 10700
