MARUTI trade ideas
Maruti entering Support zone and hinting to move up!> After continuous fall Maruti has entered key support zone and hinting to go up.
> Key movements to watch are to see if price can close above 200EMA and volume is higher than last 5 days average
> Price is consolidating between 6950 to 7020, if price closes above 7025 on hourly time frame, go long on swing trade, with SL of 6800
MARUTINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Beginner's analysis.
Hello Trader's,
Maruti's Chart analysis.
Key Levels mentioned in the chart.
Expected breakout levels mentioned.
Keep Supporting guys and guide me if there's something wrong with the analysis. Keep Learning.
"Do your own analysis before taking trade".
Maruti - Looks Good Maruti :
Looks Good for breakout
At Good Support, Cup and Handle Breakout Possibility
Long above 7342 with a SL 7200
Seems Bullish for Swing Trade and Intraday* levels are mentioned in a chart
* cup and handle breakout so go bullish :)
MARUTI LOOKS BEARISHCan short after retest of trend like or sell CE OPTIONS OR BUY PE OPTIONS, Although selling options will be lucrative since there's time decay and and you get maximum benefit.
MARUTI NEXT TARGET 7200
MARUTI NEXT TARGET 7200 BY NEXT WEEK END
WITH CHART PATTERN ALONG WITH FIBONACCI RETRACEMENT LEVEL GIVEN FOR YOUR DECISION.
Maruti / M&M Spread As per Maruti / M&M spread chart. Maruti could outperform M&M from here onwards. A retest of 9 is possible provided 8.20 is not breached.
The pair chart is suggesting Maruti will rally more and fall less than M&M
Pair Spreads are high risk management set ups. They are not to be done in isolation but in sync. Those not affluent with them should refrain.
Maruti Daily chart Rising wedge pattern Breakdown
short term view bearish, if stay above 7200/7240 then can buy for short term target 7500/7600
