MARUTI no modification in my chart... it was created support at 4800 and also posted at near 4800 now its at top and also near resistance Monday need to check If stock closed in red then stock wil down and if close in green then stock will run till new high and also can touch 6000 then 6500++ also possible and also looking to stock spilt
prices will remain bullish for this week. volume action is quite bullish
While I have not checked Timewave for Maruti, but on a relative strength basis, this is quite a strong stock and is holding Nifty up! So whenever in the next Timewave Nifty starts moving up, stock traders shall buy this one. Regards, Pankaj
Prices sustaining above 5500 shall look for gap to be filled up between 5550-5580 while falling from 5975 Trading Strategy Prices should sustain above 5500 for gap targets to be registered. Previous Update Click the charts & use load bar feature Monthly Down for 3000-3200 & Daily up for 5250
From Short Term Update in one & only one post of 2106- as suggested, one should not jump in the car immediately when it was trading at 5195-5200 levels- should wait for the pullback close to 5150 levels- keeping stops below 5035-key level. Got the entry between 5150-5170 -Jumped to 5250-5260 & sustained move above that zone -it achieved 5450-5500 in yesterday's...
Maruti ready for a big run, above 5375 wll see 5510
Monthly Chart Since Late 2008 -Maruti from its low@433 had travelled almost in an explosive manner upside, giving us wave-3 which travelled 361.8% of Wave-1. Recent Month Fall was impulsive down likely finished wave-(A) & travelling in wave-B- Once Wave B is done on Top- We shall have wave-C downside hitting in the zone 3000-3200 where it travels 61.8% distance...
Maruti has sustained down trend and gradually trading in channel, it closed on weekend forming bullish engulfing pattern, we may see further upside in Maruti till the target of 5488 as channel resistance.
if Pennat formation broken to the up side then possible targets could be 5365/5515/5658
maruti has in sharp down trend because of on the top of char it created gap against gap. it has given reversal but breakout is not working. we can short at 5160 with sl of 5230 on closing basis' target 4800
NSE:MARUTI as i've given sell on maruti @5700 levels few weeks ago... now it is on the course to completes its ABCD pattern. Have a Target of Rs4500 to Rs4400 buy PE Options at strike price ( 4500 & 4600 with cheap price) to hedge your holdings. you can look into my previous Idea on Maruti Suzuki (link given below)
As seen in Maruti , there is a change of polarity and a bounce can be expected from these levels. Also it is taking a support at trendline as seen by the upward green arrows, giving us an opportunity to buy. Expected Levels- 5040 (.236 Fib retracement of the last swing), 5220 (.382 Fib retracement of the last swing) Change of Polarity states that once the...
The breakout of ~4,750 has been retested turning into demand zone. The Pitchfork suggests support ~4,650. The view negates on a close below 4,500.
Added few quantity today at 4900 (zone1) Will add more if it reaches close to zone 2 , although it is highly unlikely.
BELOW 4785 "JAY SIYA RAM" ABOVE CLOSE 4900 "JAI SHRI RAM
Maruti Suzuki has been trading in downtred and slid very sharp in three days, and I seems to be consolidating from the start of the week and gradually formed a bearish pennant which it may break tomorrow and head to target of somewhere between 4210-4200. traders may go short in Maruti Suzuki as is not looking strong enough to make breakout upward, first target...
MARUTI now at rising TL Support break down below 5790 can take it till 5650-5600 zone Having strong resistance at 5960-5975 (Double Top in lower TF) After a weak monthly sales number look good to short below TL or at 5870 zone