MARUTI trade ideas
MARUTI SUZUKI INDIA LIMITED-THE POTENTIAL BEAST TO RISE?India's largest automobile manufacturer is seen to have factored in all sorts of negative news inflows relating to low production volumes ,semi conductor shortage, global rise in raw material prices, sky rocketing fuel prices and lots more.The beast had given a breakout from a triangle pattern with a successful retest and looks as it would continue the upside rally. Maruti is seen approaching its multi time tested strong hurdle zone of 7700-7900, a closing above 8000 on a weekly timeframe will make the people square off their short positions in the markets and will bring in fresh buyers in the system. Aggressive traders can enter after the weekly closing of 8000 with strict suitable stop losses and the set of defensive traders can enter after 8250 is taken off and after an analysis of the option chain, not exactly but it is forming a structure similar to an inverted head and shoulders, targets to be expected in the medium to long run are 8675-9300-9900. the reason i always say to maintain a strict stop loss is that ;to stay in the game you need your capital and your first aim must be to protect your capital, NEVER RUSH INTO ANY TRADE,WAIT FOR THE ENTRY TO TRIGGER AND THEN RIDE THE TRADE WITH PATIENCE AND CONVICTION
MARUTI SUZUKI WILL BE ROCKETAs per top Down approach
Auto Sector Is looking Bullish in all time frame
Maruti Suzuki is about to give head and shoulder pattern breakout
RSI and Volume and is showing bullish strength
One should buy above 8000 for safe traders, aggressive traders can buy above 7900
First Target will be 9500, the Last target will be 12000
Happy Diwali and Happy Trading
MAruti - Long Trade IdeaMaruti has given a good breakout in weekly time frame out of consolidation pattern.
Stop Loss - 7200
Target 9200
Cash only trades - no derivatives.
Disclaimer - we are holding from 7450-7500 levels.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Maruti Breached LT Resistance. Heading towards 8500 / 9000Maruti has been facing resistance at 7800 since long. After 3 attempts, it overcame the level. First phase would be short covering till 8000 and then will turn into long buildup. Buy as near as 7800 SL 2-3%
Targets are mentioned as Blue (Fib Extensions)
Maruti Suzuki Long Term InvestmentNSE:MARUTI Maruti Suzuki Long term investment weekly chart which use for long time investment with minimum risk, its down trend in 2018. down trend wave cycle complete in 2020 and stock reverse in up trend last one year 4000 to 8000 first impulse move and stocks trade in second corrective phase make triangle pattern it breakout previous week and pullback, it ready for third impulse move may be complete 9800. stocks will be make triple top, it may be small correction or breakout, if breakout that time we can see pullback depends on MKT conditions. stock are making Head and Shoulder pattern on monthly charts, it trade in Monthly Left shoulder neckline breakout can see @ 7800, stocks break 200 SMA weekly and support it 200SMA weekly @ 7200 in this week, this is only education purpose before investment please guide your finance adviser.
Thanks all of you
Maruti Readying for a big moveThere is a strong resistance at 7800-8000. Maruti has has struggled since a year 2018 to cross it. From all time high resistance is just 20% down. on the lower end 6500 is the support year. Twice it broke down on lower time frames but failed to do so on monthly chart. In first breakdown price returned in 7800-6500 band in next candle & in march owing to severity of fall it took more candles return in the mentioned band, there was no follow up selling. This 1300 Rs band on monthly time frame shows the stock is just taking a breather after continuous up-move since multiyear breakout around 1850 in year 2014. stock almost became 5x hence a breather is expected
Now after spending 3 years in consolidation, it looks attractive to accumulate for short term trading & long-term investment. Vven the stop loss is at 6000, just 1000 rs down from CMP 7300. not even 20%, which makes maruti a good pick for long-term.
As per Fibonacci retracements stock is consolidating in 78.6% to 61.8% .
78.6% & 61.8% are most nearest to the top
Shallower the retracement healthier is the uptrend.