Weekly breakout in MARUTI with good volumes. The stock has been consolidating for 16 weeks after the breakout and taking support on the breakout trendline. It is a good zone to buy as the Stoploss is small while the upside looks very good. The stock's Fundamentals look very good as well. Overall it will be a good bet.
After consolidation from 11000 to 10000 , now Maruti seems to shift gears again
maruti looks like a trend change but confirmation of LL would be more convincing.
Maruti Cmp 10380 dated 13-12-2023 1. Hammer Candle @ support 2. Good RRR Buy above 10415 target 10500-10600-10700-10800 SL 10250 It is just a view, please trade at your own risk.
Maruti 10,300 | Principle of Polarity Keep strong eye on Orange Trendline. One can make long position with Strong SL as Orange Trendline.
Maruthi Downtrend Movement. Check the Targets Symbol Maruti. TIMEFRAME 2 hour Technical analysis. Breakout pattern Note: this is only for educational purpose.
Fib Analysis- The stock has taken support at 38.2% from a higher swing. This is an indication of strength. The stock is trading in a broad range of 10200 to 10700. RSI - support in the bull zone is again telling the trend is up and strong, MA- It took support above the longest MA of the three. This is very positive. Volume- it made a low on a low volume is again...
eye on its pattern for sustainability /resistancees for breaking. for long term upmoves or addition on down if confirmation risk is your decission is your posted for learning pattern treand movement
The pull back to 50% from a higher low is an indication of strength. The stock broke out above 10540 ..the retest is an opportunity to buy at CMP 10580 and tgt of 10800
expecting a good rally from current price since it is took the nice support at recent bottom
Se MACD divergence on one day chart, likely to shoot from here non stop 11000. Stock in uptrend and toching 2018 highs so this is in the open sky zone ......may be in Nov or Dec 2023 will make new high ......
Intraday Levels for Monday...resistance support lines with selling zones & Buying zones....CPR & pivot levels
Sell Maruti 10600CE Sell Maruti 10000PE If it breaks the breakeven I will update the trade here.
The stock price has been moving in a parallel channel in recent weeks. Can expect it to come to the lower side now. Also, a retest of the breakout at 10k levels seems due. Other indicative actions are mentioned on the charts. Risk-reward is good according to the setup. Only for learning and understanding purposes, not a it of trading advice in any form. All the best.
Maruti suzuki is forming diversion in RSI, So soon it will fall sharply, our entry is only after retest so wait watch observe
Maruti is ready for 11000+ Abv 10800 can explode Keep on Wl Option Traders 11000 ce
Hello and welcome to this analysis Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback. Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders...