MARUTI trade ideas
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
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Thank you.
#MARUTI #Breakout #Head&Shoulder ~ Positional Trading SetupMaruti Suzuki Ind : Positional Trading Setup
Maruti Inverted Head & Shoulder Breakout with good volume.
Trading above 50 DMA & Resistance Zone.
Looks bullish above 7600-7650
Keep Stop Loss below 7230
Possible Targets:
T1: 7900
T2: 8300
T3: 8650
T4 : 8950
Also, do check the below related ideas for other stocks 👇
BREAKOUT COMING SOON Like every other AUTO sector is also have a very good potential to move up very soon a breakout can be seen in this stock and very good targets can be reached.
Least this target can be reached in a month.
Please do your analysis before taking any trade and if you have any idea please tell me in the comments.
Maruti Suzuki Trend AnalysisHi All,Nishant Bardoloi here.
I am a full time Musician,Architect & a Trader.Here is my analysis of Maruti Suzuki.
This is how I am predicting the move of Maruti Suzuki in the coming days & Months.
Target 8k in the coming months as auto sector will start reviving once lockdown is lifted.
I am bullish on Maruti Suzuki.
Important**
This is not a trade recommendation.Buy at your own risk.
Please Respect your Stop Losses.
Only for educational purpose.
Thank you & happy trading :)