MARUTI trade ideas
Long on Maruti ( Nifty 50 stock)NSE:MARUTI
After market correction, Maruti is at good support I.e. at 200DMA. This type of chart pattern consist of low risk and high reward.
This is my view on Maruti and it is only for educational purposes. Do your own research before investing.
MARUTI SUZUKI| Wyckoff Events and Phases explained 🎯Wyckoff developed a price action market theory which is still a leading principle in today's trading practice.
The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown.
👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases👈
And this is the accumulation stage -
1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move.
- Volume increases and price spread widens, signaling that the down-move may be approaching its end.
2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom.
- Often price will close well off the low in an SC , reflecting the buying by these large interests.
3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline.
- A wave of buying easily pushes prices up.
- The high of this rally will help define the upper boundary of an accumulation.
4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand.
- If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC .
- It is common to have multiple STs after an SC .
5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume .
6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS.
7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume .
[Turtle] Maruti 7000PESell Maruti 7000PE at 55.35
I will change 6500PE to 7000PE of this trade -
Refer the chart.
If it gaps up, wait for gap fill.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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MARUTI SUZUKI | HEAD AND SHOULDERS PATTERN BREAKOUT RETESTEDStock has broken neckline of head and shoulders pattern and retested the same upon completion of the pattern. The first target is the strong support as visible in chart. Open to suggestions.
MARUTI , short position.strong downtrend
pullback after breaking short term trendline.
it can be traded on downside
MARUTI GOOD LONG candidateMARUTI SPOT CMP 7000
Bullish cypher pattern formation
PRZ 6930-7030
SLZ :- 6900 on hourly closing basis
TARGETS 7300-7500-7700
Good long candidate..
Maruti entering Support zone and hinting to move up!> After continuous fall Maruti has entered key support zone and hinting to go up.
> Key movements to watch are to see if price can close above 200EMA and volume is higher than last 5 days average
> Price is consolidating between 6950 to 7020, if price closes above 7025 on hourly time frame, go long on swing trade, with SL of 6800
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
Beginner's analysis.
Hello Trader's,
Maruti's Chart analysis.
Key Levels mentioned in the chart.
Expected breakout levels mentioned.
Keep Supporting guys and guide me if there's something wrong with the analysis. Keep Learning.
"Do your own analysis before taking trade".
