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 trade ideas
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.
MARUTI_A DOUBLE BOTTOMMaruti seems to be forming a double bottom pattern.
One can go long on breakout of it.
(FOR EDUCATIONAL PURPOSE ONLY)
Simple Analysis- MARUTI SUZUKI INDIA LTD.Learning & Education purpose only.
Trade with your own risk.
Market is simple, we are the one's make it more complicated!
Even me too.
Maruti Suzuki - Leader in Passenger AutomobileFalling Wedge, once breaks the channel can see strong and fast movement to 7500++
MarutiMaruti has nicely retraced to the top of trendline after a pull back and could be ready for the next impulse wave up from here to reach the top end of the channel
Maruti :AnalysisMaruti is trading around a very crucial level of 7700. This level is held as a resistance since december last year. Possibility of the breaking out of is good after an accumulation period because of the following reasons:-
1) Bounce from Max Volume Zone.
2) EMA's showing long term side ways market (aka consolidation in wide range).
3) Closing above PP weekly and Rising PP levels.
4) Previous accumulation zone with volume profile support.
It is not sure that this time it will give breakout but possibility of breakout is good. It is possible that maruti might retrace once again and then give a breakout in the next swing because a small retracement in nifty is expected.
Breaking out of 8k levels will not give conformation till crossing of 8200 levels because maruti has overshot 8k levels multiple times in the past. So safest position to buy maruti is above 8200 levels one can also do accumulation of position till 8200 levels with strict sl below 8k.
Above 8200 range is open till 10,000 which it can attain in medium to long term.
PS: Trade as per your risk appetite and follow RR Ratio. Mind well no body is Pro in the market.
MARUTI wave count.Intermediate B ending soon.Primary : wave 2
Intermediate : wave B
So far we are done with the 5 wave impulsive rise on intermediate degree in Maruti there by completing Primary wave 1 @ 8308 on 22-01-2021 and since then we are seeing wave 2 correction unfolding on Primary degree.
In this Primary wave 2 we are done with intermediate wave A and wave B is currently going on,which is nearing it's end.Post this we can see impulsive wave C unfolding to complete FLAT corretion.
Scenrio 1):If on Monday ie 23-11-2021 we see close below 8000 we can assume that wave B on intermediate degree is done as we can clearly see that prices was going up in channel and reversed precisely after reaching upper end of raising channel add to it we also had 100% retracement level of intermediate wave A at 8308 which we achieved in yesterdays trading session so going ahead we can see impulsive move unfolding on the down side to complete intermediate wave C if prices close below 8000 on monday.As of now we are yet to get confirmation of wave B ending hence one should wait for a close below 8000 in order to trade wave C on the short side.
Scenario 2):If price continues going up,in that case we can still assume that wave B is yet not finished.On the upside we have a intermediate wave A 123.6% retracement coming at 8750 and 161.8% extention of minor A coming at 8841 there by creating a rasistance zone of 8750-8840(roughly 1% range).If price faces rejection in this zone and closes below the low of candle with highest high then we can assume that intermediate wave B has terminated over there.
Scenario 3):If price crosses 8850 and stay's above it for couple of day's then this count will be invalidated,and we can assume new impulse in form of Primary wave 3 has started.
Personal view:I am favouring first and second scenario over third because we have not seen price achieving 61.8%% extention of intermediate A during the fall of minor B,meaning intermediate B is also sub divided in three waves.Also if we consider time factor then wave B generally takes more time then wave A which is not the case if we consider minor A of intermediate B as entire intermediate B.Hence we can assume that wave C on intermediate degree is not.If we get an impulsive fall from current levels then we can expect prices to fall between 7190-6460 zone.
Action to be taken:
Observe price action and see which of the above scenario is ful-filled,in case of scenario 1 or 2 getting fulfilled one should look to take trade on the short side keeping highest high of the candle from where the prices has reversed as initial SL,which should be trailed ob day to day basis.In case of scenario 3 one should wait for prices to consolidate and should avoid taking trade as risk reward would not be favorable at that point of time.If trade should be taken by following money management and risk management principle's and sizing should be done accordingly.
Disclaimer:Analysis shared is only my view and trade should not be taken solely on it's basis.I am posting this analysis for my future reference purpose.
Maruti inverted head and shoulder patternMonthly chart is looking good for long if it breaks the trend line.
Maruti - Zone of interest. Maruti is trying to prepare for its move. Every retracement coming upper levels is higher than the previous. Bulls are alive and have been accumulating this stock at the lower levels. Maruti could potentially have an ascending triangle breakout. The previous one has been turned into a failure.
Keep this stock on your watchlist for trading and investment.
Maruti on Monthly Breakout looks good above 8000 1:1.5 RRMaruti on Monthly Breakout looks good above 8000 1:1.5 RR
Maruti Long for short time frameI hope you can now see how Maruti represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Chart of the week. Maruti. 21/11/2021Maruti has made Inverted Head and Shoulder pattern on its weekly chart. This is trend reversal pattern and one can expect stock to move up henceforth. This recommendation is mainly for long term investors, however, short term investors can keep a SL of 7400 weekly basis. Long term investors can expect huge gains over the period of few years. A great Techo Funda stock to keep in portfolio.
CMP - 8117.
Target - 9800, 13600 W.
View - Medium to Long term.
SL - 7050 W
Maruti Suzuki
1) Monthly Breakout after
2) Inverse H/S Years
3) Can Give 100 % tgt in next 2-3 years
Maruti closed above channelMaruti closed above channel
Detailed analysis given on the chart
NSE:MARUTI
matuti as 3 petten actine.bay maruti but 3 petten active 1... 15 minit chart fleg./2.. wiklei roundig bottem.3/.. wikli inveter hed & sholder. stol loss.in fleg petten 15minit 7910. and positionali wikali closs 7670.
