MARUTI trade ideas
Maruti - Wedge pattern breakoutNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a wedge pattern breakout in Maruti. Similar breakout is seen in RSI as well. RSI nearing neutral - bullish zone of 50.
SL: 6250₹
short term view on marutimaruti make triangle pattern if it break this registance it gives big move tgs7000-7500 downside sport zone
LONG IN MARUTI IF LOW OF 6482 DOESN'T BREAK IN NEXT SESSIONS THEN BUY ABOVE 6581 FOR TARGET OF 6921.
YOU CAN TRAIL SL/TARGET AS PER PERSONAL RISK MANAGEMENT.
Maruti - Bullish EngulfingBullish Engulfing candlestick found near the support zone 6400
Buy Above 6625
Stop Loss 6400
Target 1 6950
Target 2 7300
Target 3 7800
Maruti - A break of imp support could trigger selloff Maruti has been in a range, making moves on both sides. But, 6400-6500 remains strong support for Maruti. A breakdown on the downside could trigger a selloff. Conversly, if taking support on 6420-6400 , we can witness a small upside in Maruti.
Wait for a volume confirmation to achieve a strong target of 600+ points.
Maruti (Positional)Maruti can take a final dip till the yellow support line and give a reversal. Will monitor price action for entry with SL and target as mentioned.
Maruti at Major supportAfter poor results Maruti has fallen from recent highs and is at a strong support zone. Short term correction seems to be over. A good buy at this level.
Maruti can go long for Target - 7150At CMP 6530
Target - TG 1 - 7150
Stop Loss - 6420
After making Double bottom pattern it can go long
This for educational purpose only, do not make any position based on this call.
