MARUTI trade ideas
Maruti - Up, Up & Away in the 5th Wave Above12555 Disclaimer:
This is not a solicitation to buy or sell; please consult your financial advisor before making any trading decisions
As discussed earlier on 1st Sep Idea, Maruti’s performance above 12555 was critical. Now, the stock is pushing Up & Up & Away with new highs beyond 13680 in sight.
Will it break the upper trendline and complete the highly anticipated Wave 5 in the Elliott Wave Structure ?
Last Idea - 1st Sep 2024 : Maruti Suzuki - Will it fly Above 12555
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WaveTalks
Maruti Suzuki India Limited (MARUTI) on the daily (1D) timeframeFor Maruti Suzuki India Limited (MARUTI) on the daily (1D) timeframe, here are the key support and resistance levels to watch:
Support Levels:
₹12,150 (strong support)
₹11,900 (medium support)
₹11,650 (minor support)
Resistance Levels:
₹12,700 (strong resistance)
₹13,000 (next resistance level)
Maruti Waiting for BOMaruti largest car manufacturer in India. Festive and Marriage season is coming.
Technically formed Inverted HnS with neckline at almost 10000 and the tgt of 15500. Current mrket price is 12600. On daily chart showing good accumulation and BO and on weekly chart it will show BO if passes abv 13000.
Nifty AUTO is also showing BO after some consolidation. Maruti can be added for 15500 once crosses abv 13000. Please do your own study before investment.
Maruti - Range BreakoutCMP 12620 o 20.09.24
The stock has been traveling in a rising wedge pattern since March. In the last few days, it has been consolidating within a particular range. Today showing a breakout of that range.
If momentum continues may go to 13050/13300/13700.
As far as it seems above 12570. Setup remains active. One should wisely choose the position size and exit levels while considering risk-management.
This illustration is only own view for learning and sharing purposes, it is not a trading advice in any form.
All the best.
Maruti is at its Support of 12000 if it breaks its downwardsMaruti is at its support of 12000 and Resistance is 13000 and it's in the distribution phase if it breaks 12k its downward momentum and if it does not break it works as support to move again to 13k.
Disclaimer - The chart is for Education Purposes only.
Bullish on Maruti on Swing basisFrom the Auto pack, two names are bullish today - Bajaj Auto and Maruti.
Bajaj Auto has already flown up. So, no point chasing it.
Maruti on the other hand also has given good yearly returns this year.
I'm looking at a swing Options trade in Maruti on the upside. Have taken long and will exit in a week maximum if the trade works in my favour.
26thSep12200CE - BUY
26thSep12700CE - SELL
My view is that Maruti will be mildly bullish. However, it won't be able to surpass 12,700 within the coming week.
MARUTI 30 Min levels (S/R)we mark Support and Resistance on the charts so you can check..
According to Investtech, Maruti Suzuki India's (MARUTI) support and resistance levels are:
Support: 10,800 rupees
Resistance: 13,000 rupees
According to TradingView, Maruti Suzuki India's key resistance levels are: 13,170 rupees and 13,551 rupees.
According to Equitypandit, Maruti Suzuki India's support levels are: 12,344 rupees, 12,260 rupees, and 12,169 rupees.
According to Equitypandit, Maruti Suzuki India's resistance levels are: 12,518 rupees, 12,609 rupees, and 12,693 rupees.
Support and resistance levels are key points where a concentration of buyers or sellers meet a price trend. Investors and traders use these levels to identify potential entry and exit points.
Maruti Suzuki - Will it fly Above 12555 Disclaimer:
This is not a solicitation to buy or sell. Consult your Financial Advisor before trading.
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As discussed earlier on 19th Aug ...Above 12555 ...Will Maruti Make An Attempt to Fly & Will it reach the upper trendline & make new highs beyond 13680
Will it Complete One of the Most Important ElliottWave Structure & Its pending Wave 5 on Upside
What Level You Should Avoid Trading ? So Many Questions But Only time Know's the Exact Answer
Catch Me in Next Episode of WaveTalks- Market Whispers! Can You Hear Them? ....
MARITI SUZUKI GANN ANALYSIS ON DAILY CHART 27 JULY 2024Maruti stock has hit high at gann level of 13300. it has three fourth of section to make low at 12400. 12700 level is very important for trend decision. Earlier panic bottom was bottom at 11700 levels which took support on earlier highs of Feb and Mar 2024. Price cycle grows above 12100 levels with supports at 11950. below it we may see decent correction if sustained. Use the level of 12700 for short term trading to your advantage. Use other leevls given for trend following.
Happy Trading !!!
N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.