MARUTI trade ideas
Maruti Suzuki Ind - Inverted Head and ShouldersMaruti .. Inverted Head and Shoulder in 15 mins time frame .. Same like Daily Time Frame..
Good to go Long from CMP..
NSE:MARUTI
Daily Chart :
15 mins chart:
#MARUTI...Inverted H&S BO has happened but can you make money??As can be seen an inverted H&S pattern was forming on the daily charts and a BO has happened...
Now many analysts here will show you a view of this pattern, maybe RSI/MACD numbers, and tell you how there is a huge upside to buying this stock right now..how you can earn 20% profits in a few months.. I am not saying they are wrong but I am not as confident as them about this trade...
Hear me out ...
These analysts fail to notice the thick multiyear resistance/support band just above the inverted H&S pattern... In my opinion it is going to give trouble in short term..and any who buy arnd 7300-7500 in the hopes of stock going up soon maybe disappointed...
If you are experienced and you know what you are doing .. Then go ahead and put your money in..
But if you are one of those people who took it as an investing tip from analysts here and do not know TA yourself..hold off...and only invest after daily candle closes above 7700 and retest of band happens...Yes you will make less money than most risk taking traders but you stand to lose less money too...
Remember, Multiyear resistance BO>=Weekly Pattern BO>=Daily Pattern BO...
Also note the inverted H&S forming in long term.. scroll chart left...
Can be seen better on weekly/monthly timeframes..
This is obviously my sole view .. you can choose to agree/disagree..TA always indicate the price movement and doesn't guarantee it.. However I strongly feel about what I said so keep an eye..
Maruthi bullishMaruthi looks will take support on previous resistance levels.
Can watch near levels mentioned in the screen.
Check on monthly cpr, may take support on center cpr, sl day candle close on below bottom cpr.
Disclaimer : Education purpose only.
MARUTI | Retest to INHS breakout level - Lets try for 11%MARUTI | Retest to INHS breakout level - Lets try for 11%
CMP : 7409
SL : 7200
Target : 8200
1:4 risk reward setup
P.S : Nifty Auto looks little bit weak, since the risk reward and pattern is good taking this trade
buy marutibreakout retest of cup and handle pattern done in maruti. one can accumulate between 7417-7300. we may see 8200 in coming days. view negated below 7200
MARUTI can bounce from 7350 levelsSome profit booking is seen in NSE:MARUTI since it touched 7700. Now it has been retracing for some time and now it's ready to take a bounce from 7350 levels. If it breaks 7350 levels then it can quickly show 7300 on the lower side.
MARUTI SUZUKI LTD | INVERSE HEAD AND SHOULDERS PATTERN BREAKOUTMaruti Suzuki Ltd has formed an inverse head and shoulders breakout pattern in daily timeframe.
Buy price around- 7400 to 7500
Buy price target- 8400 to 8500
Nearly 1000 points target !
Timeframe- Positional
GO LONG ON MARUTICAN CREATE A LONG POSITION IN MARUTI WITH SL 7340 FOR A TARGET OF 7800 IN JULY MONTH. STOCK IS AT SUPPPORT KEEP A WATCH ON IT. DO YOUR OWN ANALYSIS BEFORE TRADING. THE ANALYSIS IS ONLY FOR LEARNING PURPOSE.
Maruti Suzuki Ind - Inverted Head and Shoulders Maruti Suzuki Ind - Inverted Head and Shoulders - Good to go long - Buy at the dip or support level
NSE:MARUTI
MARUTI might stuck in 7550-7700 range for a whileIf NSE:MARUTI crosses 7700 levels decisively then it can rally towards 7800-7850 soon. But seems like it can spend sometime over in 7550-7700 range.
MARUTI touched almost 7700 and profit booking cameToday NSE:MARUTI showed some bounce in the morning and but since then there we can see profit booking continuously. It has a long way to go though. I will post details in day timeframe.
FOR A SHORT TERM MARUTI LOOKING BULLISH.THIS IS SWING TRADING SETUP HENCE BOOK YOUR PROFIT AS PER YOUR KNOWLEDGE.
