MARUTI trade ideas
Some profit booking seen in MarutiSome profit booking is seen in NSE:MARUTI . But there is some up move left. It might start rallying towards 7800 tomorrow. Price is still above 20 DEMA.
#MARUTI Inverted Head and shoulders pattern NSE: MARUTI
Maruti seems to be super bullish. We have both an inverted Head and shoulders pattern as well as a round bottom pattern. A breakout may give us a very clear bullish movement. Don't miss out on this train
Educational purpose only - trade at your own risk.
Good luck.
Weekly Bullish reversal Cup with Handle pattern on MarutiMaruti is on the verge of breaking Cup with handle reversal pattern on Weekly chart. Monthly and Weekly rsi also showing strength approaching 60 with increasing volumes.
Please note this is just a educational information and not any buy or sell call.
Maruti , LongMaruti Suzuki is showing bullishness as after forming Inverted HnS Pattern it had given Breakout and good move upside. We can see it in UP Trend in comings day but before going up Side it will give a small Correction . So those who have it from Lower levels can trail it and anyone want to make new position Can make it around 7400.
Elliott waves - Maruti Explained in the chart as a positional trade. I have not given any SL's or targets . Regards
MARUTI: A Bullish Trend"
TECHNICAL ANALYSIS OF NSE:MARUTI
The LAST CLOSE PRICE of NSE:MARUTI is 7649 . The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 1.414 at the FIBONACCI STOCK PRICE LEVEL of 7649. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 6949.73 with RESISTANCE 1 and RESISTANCE 2 at 7708 and 7812.7 respectively. The Key 50% FIBONACCI LEVEL stands at 7093.73 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 85.77 and 68,57 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 127.31 and 27.51 at 91.05 along with HISTOGRAM showing values of 36.36, the STATUS is clearly UPWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.66 and 0.04 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.019 the STATUS is OVER BOUGHT.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 52.63 which signifies its Price Level to be TOO EXPENSIVE.
>>> RECOMMENDATION is : BUY ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Maruti breakout of inverse head n shoulder journey toward 8kMaruti breakout of inverse head n shoulder journey toward 8k
Maruti Cmp 7527 dated 24.6.2021Maruti Cmp 7527 dated 24.6.2021
1. Inverted H&S Pattern already broken above 7400.
Buy for a tgt of 7800-8000-8200-8400 SL 7350
It is just a view, pls trade at your own risk.
Daily Breakout at Maruti Suzuki IndiaGo for long position on NSE:MARUTI Because
1. Positive Divergence in RSI.
2. Breakout after 0.5 level of Fibonacci retracement.
Daily target at least 50-60%. Set your stop loss at a level of 0.5 Fibonacci retracements i.e; 7364.5.
MARUTHI AS EXPECTEDIf you have seen my previous analysis....congrats you have made superb profits ....do follow me for more analysis and say what i should analyze next
Breakout of Inverted Head & Shoulder on 1D TFPositional Trade
MARUTI
Buy: 7423;
SL: 7100;
T: 7800++8230++
-Mohit Rajani
Maruti Suzuki: Cup & Handle Breakout!!!Observations:
1. Stock has given breakout after forming CUP & HANDLE reversal pattern.
2. Fibonacci level of 0.5 (7293.40) has given breakout which will act as support as per Principle of Polarity.
3. Strong volumes has seen near breakout zone.
4. Short term EMAs suggest uptrend.
5. RSI has moved above 50 which shows strength in stock.
Considering above, following are possible trade details:
Buy between 7,430 - 7,450
TGT: 8,325 (See measure rule of Cup & Handle )
SL: 7,214 ( Little below of breakout candle )
RR: 1:4
Measure Rule of Cup & Handle:
1. Measure distance from lowest point of cup (Point A) to neckline of cup (Point B) which comes to 936 (7336 - 6400)
2. Add difference from breakout point (point C) 936 to achieve target (point D) which comes to 8366 (7430 + 936)
3. However, looking at fibonacci levels, Target price can be expected around 8325
Disclaimer:
This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.
Trend Reversal - Inverse Head & Shoulder BreakoutPositional Pick !!
Clear Trend Reversal on charts with Inverse Head and Shoulder Pattern on daily charts. Price clearly breaking the resistance with good volume. Inverse Head and Shoulder can also be seen on Monthly Charts. So can breakout soon on longer time frame as well. Can turn out to be a goof investment after monthly breakout.
