MARUTI trade ideas
Fine Long Term Pick With Good Technicals !MARUTI : CMP 7162
Highlights
trade set up :
1.buy above 7490
2.keep stop loss as 6715
3. targets
7947/8237 short term
8845/9127/9550+ long term
technical buy based on :
1. trend line
2. support / resistance
3. symmetrical triangle
4. strong volume
5. multiple time frame analysis
note :
stock is forming strong bullish structure with huge volume setup in monthly candle .
and dry volume during corrective phase .
its near multiple time frame price resistance zone of 7500 .
buy above with mentioned stop loss for long term good targets .
with festive seasons ahead expected good surge in sales volume and results too.
Maruti Suzuki IND '' up to 24 % gains "Hi Traders /Investors ,
This is a Swing / Positional Trade .
I can see a bullish momentum in Maruti Suzuki because of following reasons :-
1) Formation of Inverted Head and Shoulders Pattern .
2) Also formation of Double Bottom chart pattern , which is also bullish.
3) Can also enter this trade after a Retest at prior Resistance level now acting as a Support.
Giving a Risk to Reward of 1:3,
Entry - 7978-8150 levels
Stoploss - 7370 levels
Target - 9910 levels
This is just an analysis so don't take any decisions solely on this basis.
Please give a thumbs up if liked this analysis as it requires deep research.
MARUTI SUZUKI : BREAKOUTMaruti can be good buy at this level for positional basis
TGT -8600 & 10000
SL - 7500
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
10000 soon in Maruti?Maruti has build its reputation as India's no. 1 automobile company. Some people are doubting that in the transformation to EV phase it may lag behind other players. But they forget that this company is master in knowing the demands and needs of Indian consumers. So either Maruti takes its time in EV and then surprise everyone or Maruti can be the new Nokia? I am of the former opinion.
Intraday set up 1 - Maruti EMAs + S/R + Trendline breakdown?60 MINS 200 EMA @ 7460
SELL IF THE ZONE IS broken with selling volume.
If 7545 is broken with volume, we will see more upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
MARUTI- BEARISH REVERSAL PATTERNHi All,
I hope you are all doing good :)
While going through the sector charts, Auto seemed promising and I found a really strong chart in this sector - MARUTI.
It is the leading stock for the auto sector. Let us understand how it is setting up.
After making a high in Dec 2017, the stock started correcting. Formed a base in march 20(Covid fall) and started rising. Now, this rise becomes more promising as it is being formed in a typical reversal chart pattern i.e inverted head and shoulders, which is one of the strongest reversal patterns.
For such patterns, STOP LOSS is generally kept at the bottom of the right shoulder.
How did I come up with the TARGET? Simple , calculate the distance between the neckline to the bottom of the head and mark it above the neckline.
A promising break above the neckline (green horizontal line) may give us the target as mentioned in the chart. Do note and duly keep in mind that this is a weekly chart and hence the trade could take many weeks to reach near it's pattern target.
If we do not want to wait that long, we can keep our target at 9500 (previous swing high) which will also give a good R:R of 1:2 as per the stop loss mentioned in the chart.
I would request you all to study this pattern a bit, just google inverted head and shoulders pattern and a 10 min read about the same will give you a lot of understanding of this reversal pattern. Then, you can define an entry and exit for yourself and as per your money management.
I am always open to any doubts, suggestions, feedback. You can comment or message me:)
Let's learn and earn together, Cheers!
MARUTI Retracement ShortStrong Confluence for Retracement
All Levels Mentioned On Chart
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
Descending ‘MARUTI’Today Maruti Suzuki’s Chart indicates a Descending Triangle pattern. But it will take time to complete the formation and get results. I believe one should use ADX and trade when ADX value goes above 25 along with the breakdown of the trend…
If both of the conditions satisfy it will be a great trade believe me!
NSE:MARUTI
[POSITIONAL] MARUTI LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell 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.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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