maruthi inverted head and shoulders pattern.weekly time frame, long term investment. levels on chart. wait for retest.
MARUTI trade ideas
MARUTI - INVERSE HEAD & SHOULDER PATTERNAuto Giant has nicely formed inverse head and should pattern on sustaining above 8000+ level. next target would be 9300/9800/10000
Maruthi Small Breakout for Option TradersYoo .. hello here's a small opportunity for option traders in maruthi it's already a break out in day candle it will break in 15 min for selling wait and take your trade
Maruti-Interesting short & long setupAlthough the chart is self-explanatory, Yet to see in the coming session, if the stock retraces up to around 7200 levels, then it will be a good price to enter in a long position.
This is learning and sharing purposes, not a bit trading recommendation.
Please comment with your views.
All the best.
Short Maruti Suzuki for target of of 7 125It looks like Maruti Suzuki take reversal here for the target of 7125
maruti looks good for this week*educational purpose only
maruti looks good for this week
buying zone between 7325 and 7375
support is at 7000
resistance is at 7950+ followed by 8300+
MarutiMaruti at Pithfork Resistance
Breakout of todays high can generate momentum
Buy above 7450
Sl 7370
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Maruti Breakout From channelMaruti to move ahead by breaking the trendline, Let watch the move carefully
MARUTI important levels for long term investmentMARUTI important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MARUTIMaruti
First Resistance is at 7380
Till trading below it can retest levels of 7060
Further breakdown can take it towards 6777
Maruti nandanForming flat.. no trade till clear breakout above 8350. Buy if it reverses near 6500 level
Maruti :Zigzag ABC start of wave CIt seems like maruti is unfolding zigzag correction with wave A being a 5 wave impulsive down move from 8368-6990,wave B taking a form of regular flat from 6990-7460.And going ahead we might see impulsive 5 wave unfolding on the downside in the form of wave C.
Reason behind completion of wave B
1)Internal strucutre of flat(3-3-5) is done with wave C forming a diagonal pattern.
2)Price has fallen in the Target zone for wave C in a regular flat correction(100-138% extention of wave A)
3)We have 50% retracement of wave A of Zigzag at 7680.
4)2-4 TL breach along with wave 4 low's in lesser time is seen in wave C of wave B
Fresh shorts trade can be taken at cmp of 7430 with a hourly closing stop of 7680 with an initial tgt of 7000 on the down side.
Disclaimer:This are just my views,no position should be build or exited on its basis.
Bear flag formation in MARUTI SUZUKIBear flag pattern found in the MARUTI SUZUKI in the Daily timeframe.
Wait for the breakdown of the flag and retest of flag.
maruti bearishlet it break 7480 , and take short position, as i identified, its moving in a channel in 15 min and looks in over bought position in daily position
MARUTI Long Double bottom patterninvest with caution, always consult your financial advisor before taking any investment, this is not a investment advice this is just my view for educational purposes.
Simple Trade Setup | MARUTI | 13-12-2021 [ INTRADAY ]NSE:MARUTI
Observations:
1) On 1day time frame,it has bounce from 200DMA and now trading below 50DMA.
50DMA is immediate resistance.
50DMA is placed at 7493.41. We can say that range of 7490-7500 will be immediate resistance zone.
Please refer below chart : 1day Time Frame.
2) Also on 1day time frame, it has made double bottom pattern.
Major breakout is still above 7500 level and safe breakout is above 7530 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Triangle patternThe day before yesterday it showed good momentum and yesterday it took a pause an It has closed above round number and also triange pattern is formed . We can trade after breakout.
BULLISH PEANANT - MARUTIWhat Is a Pennant?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement - in the same direction as the initial large movement, which represents the second half of the flagpole.
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.
