Maruti Bullish flag breakoutMaruti has absolute bullish patter flag breakout. One can start accumulating for good 10% upside target. The only condition is, it should sustain this breakout.
MARUTI trade ideas
Maruti LongPrice is in sustained up trend.
After 1st Break of Structure(BOS) the price came for Retracement at 60%
At 60% retracement the sellers lost momentum which was evident
Because the lows were getting liquidated (₹Grab)
After grabbing the liquidity above mentioned, price changed character by breaking a recent high, which was followed by another BOS.
2 Order blocks have been left behind in this upsurge.
The first order block seems more convincing POI.
MARUTI | Investment Pick📊 Details
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.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Maruti can fall till 11100-11000On 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 - negative divergence?NSE:MARUTI - Negative divergence on a support - Waiting for a higher high formation. Target one would be neck of W pattern and Target 2 should be the starting point of W.
maruti suzuki next railly is coming with a nice breakout maruti suzuki has shown an underperformance compared to other auto stock now its turn of this stock to perform on chart this is showing a breakout and a good retest a nice level to take entry
stoploss- 9700
target - 13300
2nd target 18500
this is not a buy aur sell idea this is just my view on this stock
take entry or exit on your on knowledge
Rally in marutiBig rally waiting for maruti.
the chart is of weekly time frame.
after post covid there was 1st wave move
which was completed in jan 21,
2nd wave took much longer duration completed on march 22.after that slow and steadily its rise is continuing
and it made all time high october 23.now it has crossed
that high in final fifth wave of 3 rd wave.As 1st and 3rd wave of this final 3rd waves are equal in size the fifth wave likely to be extended.Very soon it is likely to break the base channel red one and proceed further to complete final 3 rd wave.
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This is not f&o recommendation as chart is of weekly time frame.
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 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.
