MARUTI trade ideas
#Marauti Suzuki # Flag and Pennant Pattern
Nifty auto is making is Flag and Pennant pattern at the top (resistance)
If it given a breakout, we can see a good rally.
Weightage of M&M , Maruti and Tata in Nifty Auto is 21, 19, 13 respectively.
If CNX Auto has to move, definitely M&M, Maruti and Tata will move.
In the mean time Marauti Suzuki has also made a flag and pennant pattern.
Do keep on radar. For educational purpose only.
MARUTI IMPORTANT GANN LEVELS AND FIBONNACI LEVELSMaruti Given a Good Breakout in Last Session. Gann Fann and Fibonacci levels are drawn on the Chart. Also Mind the rectangle given expected a halt zone or can say accumulation/distribution zone for next move in Maruti. Price is already above Fibo 50% Important level so we are bullish on it. Will Enter any trade on breaking my levels on either side.
EDUCATIONAL
:)
Maruti hourlyNote:
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...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Maruti Cmp 8479 dated 17-1-2023 Triangle BOMaruti Cmp 8479 dated 17-1-2023
1. Triangle Pattern, BO above 8500.
2. RSI on verge of BO
3. Chart making higher lows.
Buy above 8500 for target 8575-8625-8695-8750
8850-9000 Sl 8350
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.
MARUTI - Watch above 8300After a recent fall from 9870 to 8082 levels - Maruti is showing a bounce from the support line.
If sustain the momentum - we should see 8474 and then the next 8722 levels in short term.
Currently - we see a crossing 8300 - and based on AB=CD harmonic pattern - if the market trend supports - we should see the breakout of the short-term trendline.
This will give us 8300 JAN CE trade opportunities.
Can think of long-term only above the trendline.
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Maruti possible bottom formed!!Maruti is showing bounce from the trend line active from it's Apr 2020 low, it also has covered a "volume imbalance" zone on the daily chart. While on the hourly it has given a break out from the downward trend line. Any further bullish momentum could lead to a good rally in the stock, I will prefer waiting for sometime as the break on the hourly is still not convincing enough(momentum & volume wise).
What are volume imbalances?
Volume imbalances are formed when aggressive buyers or sellers enter the market, thereby increasing price with high momentum that orders don't get filled due to slippage. These imbalances always get filled sooner or later & are very good entry points. They are very similar to gaps in nature.