MARUTI is still looking weakNSE:MARUTI has given closing below it's support. It might show 6400 levels if weakness continues for sometime.
MARUTI trade ideas
Maruti Suzuki Fined 200 Cr by CCI - Gap Down expectedAutomobile sector is already suffering from semiconductor chip shortage in general. The latest 200 Cr Fine by Competition Commission of India on Maruti Suzuki definitely doesnt help the company. I have used Fibonacci Pivot Points to set a target - Take 70% at S2 and Rest 30% at S1, The Stop Loss has been set at the recent high candle.
Happy Trading!
This is not a Financial Advice, Please consult your Financial Advisor before placing trades.
Maruti Suzuki India LtdWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Maruti Cmp 6851 dated 20.8.2021Maruti Cmp 6851 dated 20.8.2021
1. Strong Support made at Tripple Bottom of
@6750.
2. RSI Divergence.
Buy for a tgt of 6950-7030-7100-7160-7200 SL
6750
It is just a view, pls trade at your own risk.
MARUTI a possible setup aheadSome stocks see maximum number of HnS in its history, Maruti is one among them. Can this be a possible continuation. For now
Trade 1: With stops of 6800 buy for Target 7350.
Lets see how it goes.
MONTHLY MARUTI MONTHLY MARUTI #MARUTI Investment-Patience-BlackCandle-BlueCandle #CatchFallingKnife Note: My personal view is not to follow.
Buy Maruti SuzukiBuy Maruti Stoploss 6930 Target 7920 and 8310
Study: Inverse Head & Shoulder Pattern Breakout and Retest
MARUTI seemed to be taking support around 6750 levels todayNSE:MARUTI respected the support of 6750 levels and reversed from there. The people who have been able to grab some small quantity should be feeling lucky. Great recovery of more than 100 points from there. RSI (around 30) is showing kind of reversal. But consolidation can start from here for some time before moving further up or down.
Maruti Once AgainSee the chart which is based on Fibonacci numbers and Fibonacci Fan.
It took closing above 38.2% trendline and if it is broken then the support is around 6373.
Keep watching you will be rewarded if pick up the bottom.
If it sustain above the trendline then the next resistance is at 7476.
It is also in the range support of Gann Fan 2x1
Please like if you like it and support me...!
Thank you.
MARUTI GAN BOX ANALYSISIt seems maruti will stop at 61.8% level and may reverse from here.
If found in 50% zone then buy would be recommended as the price will fall in a diamond area.
2x1 support and 2x1 resistance.
Regards
MarutiSell below 6810 with the stop loss of 6845. Targets are 6775, 6725, 6680 and 6640.
Buy above 6860 with the stop loss of 6825. Targets are 6900, 6945, 6995 and 7040.
MARUTI is still weak, can show reversal from RSI 30NSE:MARUTI has broken support of 6850, now heading towards 6800 and 6750. But it can show reversal from RSI 30 as seen historically. This time it might not show 6400 like earlier.
Maruti On Verge of BreakoutMaruti may show 10% Move upside in coming time. Formation of Triangle pattern and a trendline resistance. While daily closing above the 7156 will create new highs as per the chart.
Maruti best buying lewelMaruti best buying lewel
If breakout this lewel momentum is continue to uptrend
Opportunity of buyingMaruti is being consolidated between resistance and support line could show huge movement but it should close above 7062
MARUTI is still weakNSE:MARUTI is looking weak. If it breaks 7000 levels and gives closing below 6950 then 6850 levels can be seen.
