Bullish Hidden Divergence Spotted on MARUTIHello Traders.
As the Higher Timeframe Structure of Maruti is Purely Bullish. The Hidden Bullish Divergence is spotted on RSI on 1hr Timeframe.
Move on The upside to shown very soon. The Vehicle Big bro is Set to Fly over.
BOLLINGER BAND CONTACTING as candle sizes ate getting Narrow & it will be expanded soon. As it can create a Perfect swing setup.
HAPPY TRADING
MARUTI trade ideas
Maruti weekly update 14/JUN/24Hello Traders ,
NAMASKAR !.
Overall trend structure of Maruti is Bullish right now as the sector is Outperforming.
The big bro Maruti is Trading in the range from past few weeks. Let it Accumulate & once the breakout happens one cann plan your entries on Daily Chart.
HAPPY TRADING
MARUTI Weekly Update 07/JUNE/2024MARUTI currently in a Strong Uptrend. A Fresh breakout occurs few weeks ago & from Last few weeks trading between 12k - 13k.
RSI Hidden bullish divergence spotted on Weekly Chart. Indicates a Fresh new momentum & Continuation of the Trend will Continue soon.
Watching out for a Breakout on Daily Charts.
MONTHLY RSI > 60.
WEEKLY RSI > 60
Let the Daily RSI to close above 60 levels & will plan out entries on pullback on 10 EMA.
HAPPY TRADING
Maruti ready for big fall or profit booking i am going to sellDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Monthly chart: Maruti Suzuki AnalysisMaruti Suzuki Analysis
Technical Overview
Current Market Price (CMP): ₹12,906 (all-time high)
Trend: The stock has shown a strong rally with significant returns.
Supply Zone: The stock tried multiple times to cross above its supply zone and has finally broken through.
Bollinger Bands: An upward breakout from the upper Bollinger Band suggests potential for continued rally but also indicates chances of a reversal with support at ₹10,364.
Investment Consideration
Maruti Suzuki is currently trading at its all-time high, showing strong bullish momentum. However, the recent upward breakout from the Bollinger Band signals that investors should watch for potential pullbacks or reversals.
Recommendations
Research: Analyze the company’s fundamentals, market position, and future growth prospects.
Trade: Consider the bullish trend and recent breakout, but be cautious of potential reversals near the support level at ₹10,364.
Risk Management: Set stop-loss orders to manage risk and protect against significant pullbacks.
Disclaimer
The information provided is for informational purposes only and is not financial advice. Investing in stocks involves risks, including the potential loss of principal. Past performance is not indicative of future results. Conduct thorough research and consult with a qualified financial advisor before making investment decisions.
Technical Overview
Current Market Price (CMP): ₹12,906 (all-time high)
Trend: The stock has shown a strong rally with significant returns.
Supply Zone: The stock tried multiple times to cross above its supply zone and has finally broken through.
Bollinger Bands: An upward breakout from the upper Bollinger Band suggests potential for continued rally but also indicates chances of a reversal with support at ₹10,364.
Investment Consideration
Maruti Suzuki is currently trading at its all-time high, showing strong bullish momentum. However, the recent upward breakout from the Bollinger Band signals that investors should watch for potential pullbacks or reversals.
Recommendations
Research: Analyze the company’s fundamentals, market position, and future growth prospects.
Trade: Consider the bullish trend and recent breakout, but be cautious of potential reversals near the support level at ₹10,364.
Risk Management: Set stop-loss orders to manage risk and protect against significant pullbacks.
Disclaimer
The information provided is for informational purposes only and is not financial advice. Investing in stocks involves risks, including the potential loss of principal. Past performance is not indicative of future results. Conduct thorough research and consult with a qualified financial advisor before making investment decisions.
Maruti inverted head and shoulder- inverted head and shoulder in monthly chart
- 9991 is the 8 year strong support level.
existing shareholder can consider accumulation at this level
- 15605 is the depth of the cup shape recovery level.
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
MARUTI -- ABCD BULLISH PATTERN Maruti is an interesting chart with following
1. RSI on all time frames above 60
2. Stock closed near 52 week high zone
3. Price close within 2 year and 5 year high zone
4. Price Making higher highs for last 3 days
5. ABCD candle on weekly chart with huge green candle and high volume
6. Major Support 10380 - 9800 zone
7. Next Major resistance near 11500 zone
Caution : Maruti is in strong uptrend and is trading in a rising channel for last many weeks and years. Stock can face immediate resistance near the price channel high.
Lets see How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
MARUTI - Ichimoku Breakout📈 Stock Name - Maruti Suzuki India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 12340.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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