MARUTI trade ideas
MARUTINSE:MARUTI
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
YR 2022 Idea #123: Long on MARUTIThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Weekly analysis of Maruti Suzuki (08/08/22).Maruti on the weekly time frame has formed a gravestone doji and respected the trendline that it has been following from April 2019.
The stock is trading in the parallel channel and there is a resistance area formed by the previous high.
In the last 2 months, the stock has gained around 15% and the double trend line rejection can be a signal of shorting maruti.
The stock has been taking support from its 20 DMA and is trading just above the moving average.
Gravestone doji with a high volume confirms a shorting opporunity in the stock.
There are 4 green candle on the monthly analysis and in the first week of the month is has formed a nice shorting signal.
Support :- 8850, 8377
Resistance :- 8970, 9530
If the daily candle closed below the 20 DMA, maruti is short upto the level of 8400.
Otherwise, wait for the weekly close and take targets of the moving averages.
Maruti 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
Is Maruti Suzuki getting ready for the breakout ?Maruti Suzuki IND Daily Chart View
Stock is @ important supply Zone, It has to break 9050 level comfortably in daily chart, then only we can see further bullish movement in this stock.
After the breakout, stock has a potential to reach 10000 range.
Take entry only after breakout (9060-9085). 9050 Should act as important support if the breakout is genuine then 8400 will be the ideal stop loss.
This is just a view not a recommendation to trade, do your own analysis before taking any trade.
NSE:MARUTI
Is Maruti ready to drive past competition...Maruti is near its 4 year high and is looking good.
With strong support around 8329 and 7555.
We can see good traction once the stock price goes above 9100 levels, with key resistance around 9572 and 9996.
Beyond these levels, the stock will find good momentum.
Never forget to keep a stop loss.
Note: Not a buy/sell recommendation, but a personal analysis
Maruti The Reason of going up NSE: MARUTI
Time Frame :- 1 Month
Patterns Name :- Inverse Head and Shoulders
Conclusion :-
A Inverse Head and Shoulders pattern which is a Bullish Pattern and a signal before the Uptrend which most probably shows up a down trend .
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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