MARUTI trade ideas
MARUTI - CLEAR WINNER?MARUTI SUZUKI, Stock is hot favorite from the view point of Auto sector perspective and overall market perspective. Inspite of Heavy selling by FII in the markets, stock is standing so hard and approaching towards a high made around 2018. Important thing is to follow the levels, and the stock is still attractive from investment perspective. If it breaks resistance , 10000+ targets are achievable. Watch out the levels. Below 8300 trend gets partially shifted and moves into sideways zone. A very favorable risk to reward setup.
DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
Maruti upward rally continues...As explained in chart Maruti is building third wave.
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Till then stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Maruti Auto Analysis daily chart Maruti Auto does not offer a good recovery in the last few months. Now, the chart pattern is building. The daily chart indicates the following things!
It moves slowly.
1st Target - 7400
2nd Target - 7750 (breakout level for 3rd target)
3rd Target - 8000
Stoploss - 6400
Happy Trading!
Maruti Inverted H&S Breakout retest on weekly chartsMaruti been an underperformer in this bull run. Now finally taking out some momentum. With a closing at 8550 on weekly basis confirms the breakout. We can expect 9100/95000/10000 in the coming weeks with a stop loss below 770 for traders and for positional investors 7400 should be the stop loss.