MARUTI trade ideas
Maruti LongMaruti has made a good high with volume and price breakout. Now it may move to 10,000 as this was it's previous resistance. I think it may come again to same level and then it may brake previous high.
Time frame I can assume is of 6 months. I have kept it from already 7400 near levels as suggested by my indicator.
Follow my Youtube channel as well.
NSE:MARUTI
Maruti Cash Covered Trade Wheel#2 #1Short 6800PE CMP126.
Capital requirement 10,00,000 Rs (10 Lakh).
Target 1% per month.
This is continuation of my Maruti Cash covered trades posted in Sensibull for which I can't post link here.
For historical reference
T#1 - Shorted 6400PE @23 (July)
T#2 - Shorted 6800PE @71 (Aug)
T#3 - Shorted 7200CE @22 (Aug)
T#4 - Shorted 7000CE @90 (Sept)
This ended with some sweet profit.
Resistance breakout !!! Add in your Watch list !!!The stock taking consolidating near 1 year old resistance level. If it broke we can expect good up move .
Earning release on 25th jan, may be good result cause positive momentum.
Keep this stock in your radar.
This content only for educational purpose, Do your analyze before trade
Maruti facing Resistance over crucial resistance zoneThe global brokerage firm has maintained 'sell' rating on the stock with target of Rs 6,420 per share, a downside of over 25 percent from current market price.
Maruti Suzuki India share price fell over 2 percent in the morning session on January 18 after CLSA retained sell call on the stock. The scrip was trading at Rs 8,028.50, down Rs 236.20, or 2.86 percent at 10:18 hours. It touched an intraday high of Rs 8,255 and an intraday low of Rs 7,992.20.
Increase of airbags will take cost of vehicles higher by Rs 16,000, adding that Maruti would be the most impacted by an increase in airbags. 70 percent of its domestic volume is from hatchbacks and entry level sedans," it added.
Maruti_14% upside potentialMaruti has potential to reach 8300. Some fundamental movement happening in the stock.
View is for educational purpose only. Not a recommendation to buy or sell. Please consult your financial advisor before taking entry in the stock.
BIG NEWS FOR MARUTI - when market is concerned about its market share -- expect announcements on EV plan from Maruti soon
MARUTI : SOURCES to CNBC AWAAZ reports @deepaliranaa
Likely to disclose Electric Car plan in Vibrant Gujarat Summit
Co likely to display EV & Hybrid products in Summit
Co working on EV, Hybrid Fuel and Flexi Fuel cars
Co likely rope in Toyota for Technology, Co-Branding
Co may look to launch EV SUV on the lines of S-Cross Model
ALERT:
Toyota has EV, Hybrid Fuel technology
Maruti current cash reserve at Rs 30,000 cr, no funding required for EV projects
Maruti earlier indicated TV18 about EV car launch before 2025
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Japan’s Suzuki Motor Corp. (SMC), Toshiba Corp. and Denso Corp. will jointly invest ₹3,715 crore in the second phase of their battery venture in Gujarat’s Hansalpur, a confidential company presentation showed. The investment, spread over 2021-25, is part of the ₹5,000-crore corpus that Suzuki announced in October 2019 to build India’s first lithium-ion battery manufacturing plant for EVs.
[Turtle] Maruti Call Spread IdeaSell 8500CE + Buy 8800CE.
Expecting Maruti to have a resistance here. Alternatively you can sell futures.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Maruti Jackpot (Pending)If you can see the graph I have tried to do 3 year - 1 year & 1 month analysis with volumes, on the three year chart-
1. Maruti is closing near to it's 3 year resistance & today breaking it with a bullish candle, also an Inverted HNS pattern has been formed which signals bullish move,
2. on yearly chart - vague double bottom is formed in last few months which too signals bullish move &
3. finally Volumes- they haven't been fairly convincing but according to HNS pattern volumes are low during right shoulder but after complete pattern formation - we can expect higher volumes with bullish momentum,
Expecting 10K for Maruti soon ( reviving back its old position :)
( yeah the technical indicators of Maruti are signalling STRONG BUY