MARUTI - Swing Trade || 22nd May, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 22nd May, 2023 and its upcoming week
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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MARUTI trade ideas
MARUTI Set to Outperform Nifty 50Attached: MARUTI/ NIFTY 50 Daily Chart as of 5th May 2023
This Ratio Chart has just given a Fresh Breakout Buy Signal implying that for the coming days/ few weeks NSE:MARUTI is all ready to Outperform and take Leadership for Nifty 50
Buy Strength and Sell Weakness
Hence, expect Buying Action in MARUTI Stock from here on is what the Charts say!
MARUTI 1DTrend - Bearish
Pattern - Descending Triangle
Retest - done
Candle - Strong Bearish
200 EMA - 8541 - 8542
TF - D
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Maruti SuzukiMARUTI SUZUKI
1 hr Time frame
Resistance - 8538
May see a breakout if its above 8538
Target 8681-8700
Conclusion -
1. Ellipse Shape - Consolidation after every uptrend
2. Red Arrow - Rejection and profit booking at upside
This chart is only for educational purpose Do your own study before entering any trade
Maruti Suzuki Cmp 8632 dated 27-2-2023 Hammer Candle @ SupportMaruti Suzuki Cmp 8632 dated 27-2-2023
1. Hammer Candle Made @ support Line.
2. Good RRR
3. Triangle Pattern Formation
Buy above 8645 for target 8710-8750-8835-8900
9000 SL 8530
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
IS MARUTI LOOKING FOR A BREAKOUT ?Maruti Suzuki , under retracement trying to find its way to the original uptrend. Currently moving under the channel from 8635.20 and 8966.25 . Here recently we saw a false break out the support, which in turn implies that buyers will not let it come down now. The stock is also supported by two EMAs and thus we may probably see a break out at resistance this time. Small stop loss , make a good risk reward ratio and hence, I firmly believe that it a nice trade to enter.
Technical Indicators :
CMP : 8,696.25,
RSI : 48.78
ADX(14) : 34.70 ( Directional Strength )
ATR (14) : 126.6 ( Less Volatile )
MACD ( 12,26) : 35.25