Maruti a major auto company gives breakout with high volume on daily timeframe. stock have potential to give good return in short term. put SL at 9200 and according to technicals stock have potential to give 35%-40% return in next 12-15 month.
Maruti in last three years, weekly forming higher high formation with rise wedge pattern .now wait to break the pattern in coming 6-9 weeks .buying around 7200-7700.Tgt 9950 with stoploss 6200. Time duration 12-18months.its my view and educational purpose not recommend for trade.
MARUTI SUZUKI IND looking bearish after break of support 1 IN WEEKLY time.
sell after above weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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The chart pattern of MARUTI is looking wonderful at this point and if two candles survive above the trendline it can be a trending stock.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
NSE:MARUTI
Maruti Ltd on 2-hour timeframe
You can see a wide channel forming and currently trading at major trend + channel support trend line.
The probability of reversal is very high.
Entry has 2 Scenarios:-
1. It can Give a breakout above 9565 directly or
2. It will again test the support zone and forms a double bottom pattern and then breakout...
Stock is consistently making higher highs and has been protecting the trend
Chartically forming a bullish pattern on an hourly timeframe with a good volume profile at the CMP
Level plots on chart
MARUTI is on the verge of breaking out of symmetrical triangle pattern on an hourly chart with good volumes with very good risk:reward ratio.
Could be bought above 9775 with mentioned stoploss & target.
can take less quantity in maruti and can add on dips or better buy when price reaches buy zone
maruti is near to previous high .. ,has not given much returns from last two years has come with new lauch of cars but in short term it might take time to reflect so if long term can add on dips or wait for maruti to correct
disclaimer- this is not any investment call...
DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
BUY - MARUTI SUZUKI IND
CMP - Rs. 9295
Target - 1: Rs. 12300
Target - 2: Rs. 13800
Target - 3: Rs. 15500
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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This is only for educational purposes Please don't Try Intraday Or Margin Trading. If You want to try Only Trade in Delivery (CNC) Keep Some Patience, Wait for the target. Thank You.
#1. Target 8334
#2. Target 9921
A Triple Top that can be broken & bought for a 50% returns
SL - 15% of Buying
This is a study idea, Kindly contact your financial Advisor for more Clarity.
Maruti has completed Wave 1 & 2 in clear impulse & pulled back in ABC correction now Wave 3 has already started minor wave 1 of 3 is complete now holding 9740 Maruti should head towards 11000.
