MARUTI trade ideas
Maruti in Cup & handle Chart PatternKEY TAKEAWAYS
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
For Educational Purpose Only
I hope Maruti can bounce from its 20 movingNSE:MARUTI - I have holding of it at 6600 levels, hoping to see a bounce from it's 20 EMA. What's your thoughts?
Inverted Head and Shoulders Position in Maruti SuzukiOn Daily charts it seems that Maruti Suzuki is creating a Inverted Head and Shoulders Position. If it breaks the neckline at the level of 8000-8200 then it may reach upto 12000-12500 by December 21 end ( Hopefully No third wave of Corona). Lets see if my analysis goes correct.
Inverted Head and Shoulders in Maruti SuzukiOn Daily charts it seems that Maruti Suzuki is creating a Head and Shoulders Position.. it it breaks the neckline at the price around 8000-8200.. then it can reach upto the level of 12000-12500 by the Year end of 2021 ( Hopefully No third wave of Corona and). Lets see if my analysis goes correct.
MARUTI retracement in bullish moveFibonacci is one of the important tool to predict and understand the retracement of the stock.
MARUTI SUZUKI was in down trend since mid of Feb started retracement on 26th of Feb around 8610 and retraced by 38.2% till 7372, which is also a price at the current date. after this retracement it continued the down trend.
A trend reversal is observed on 30th of April and stock moved bullish since then. Now, it has reached to the high of the symmetric level from past retracement (7372). It expected to retrace atleast by 38.2% or to max to the level of 61.8%.
pls keep an eye on it and pls comment your observations too.
Maruti, Ready for long trade. MARUTI
moving inside a very good channel pattern, once this hourly candle closes above channel support we can go long.
SL will be very small.
***DO YOUR SELF ANALYSIS***
maruti based on weeklybased on previous view it may pull back in comming weeks & MACD is positive in last week. keep watching breakout or break down what will happen in comming session.
Maruti 7199 - BullishMaruti 7199 - Bullish. As Maruti has Hidden divergence and on trend support and holding at support, Consider Buy for targets 7315,7423
MARUTI : Head & Shoulder Rejection.Positive Bias : Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it sustained above @6855 level.
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Points to be Note (Technical + Fundamental)
1. Head & Shoulder pattern formation.\
2. Anticipated rejection at level 7060 due to increased in sales.
3. Sales soars, Decreased in profits no issues why? Cash flow has been increased in investing activities, Reserves has been increased by impressive numbers.
4. Secondary trend Retracement are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs.
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Le me know in comment section what's your views on this? NSE:MARUTI
MARUTI - Intraday 10 June 2021
Expecting a good bounce in Maruti from demand zone
Buy around 7230/7240
Weak below 7190
Looking for 7281, 7339
Maruti analysis | important resistance levelKeep an eye on maruti
timeframe : Daily
This is very crucial level
Bouncing from supportThe first resistance for this stock is at 7200 levels and short term traders can keep this as a target. 2nd resistance is at 7700 which the midterm traders can look for.
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Happy Trading :)
Maruti 7214 - Bullish.Maruti 7214 - Bullish. Has given breakout of 7007 with a round bottom suggests a Target of 7683
break through huge resistance Maruti Suzuki India formed a bullish cup and handle pattern in 1 day time frame as well as 1 week time frame ( neck line @ Rs 7215)
TARGET 2 - 8340
TARGET 1 - 7803
EARLY BUY - 7216
SAFE BUY - 7228.50
SL- 6818
kindly wait for the retest .
MARUTI SUZUKIMARUTI SUZUKI
WEEKLY CHART
BULLISH MARUBOZU CANDLE
FORMING INVERTED HEAD AND SHOULDER PATTERN
BULLISH CROSSOVER OF EMA
BULLISH CROSSOVER OF DMA
VERY GOOD VOLUME
BUY CMP @ 7214
SL @ 6384
TARGET @ OPEN
PLEASE FOLLOW AND LIKE FOR MORE IDEAS .
MARUTI..DRIVING ALL THE WAY TO 10KBEST TIME TO BUY MARUTI
THE BOTTOM HEAD & SHOULDERS SUGGEST A GREAT TIME TO BUY ON MONTHLY CHARTS,
CONFIRMED WITH LAST MONTH MAY 2021 AS TREND IS INTACT
TARGET PRICE : 10K
WISH YOU A SAFE JOURNEY.............
Buy Maruti SuzukiBuy Maruti Suzuki Near 6840-6850,Stoploss 6680 Target 7280
Study : Cup & Holder Pattern Breakout and Retest Structure
MARUTI READY FOR BREAKOUT AFTER 7347 IT HAS TAKEN SUPPORT AND MOVED UPWARDS .CAN SEE GOOD MOVEMENT AFTER 7347 .
THIS IS ONLY FOR EDUCATIONAL PURPOSE .TRADE WITH YOUR OWN RISK
Long Maruti...Value Zone ReversalMaruti
CMP - 6736
Stop - 6300 on DCB
Expectation -
1 - 7800
2 - 8500, Review at 8500
Expected Holding Period - 80 trading days or earlier
Ideas being shared only for educational purpose
