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.
Maruti Suzuki - Cup and Handle Pattern Breakout
Maruti Suzuki - Date - 01 July 2023 - Weekly Charts -
Pattern - Cup & Handle Pattern
Breakout above 10100 - 10250 with strong volumes can take it to 12,000 - 14,000 - 15,000
All Capital Market Standard Disclaimers Apply
had all time high in precovid time.
while its counterparts tatamotors and m&m
had broken the all time high of precovid time
maruti has yet to do it.
with commodity prices cooling down
the no one player in four wheeler segment
has brighter out look in coming days.
from the weekly chart it appears its 3 rd wave
is in progress which is likely to take out high
of...
Buy Maruti at the level of 9267 with an SL of 9222. Target is a very big one - 9730. Target will be hit within few days.
Analysis is based on QMR Strategy.
Also, we can see a Trend line liquidity in the Sell side. So, high chances market will take out the liquidity and mitigate extreme OB at 9730 and again fall from that level.
Maruti is looking bullish.
Monthly- Bollinger band challenged with RSI above 60
Weekly- Bollinger band challenged and RSI above 60
4 hourly- Price retraced and taking support of 50 EMA and previous BO level. Looks like ABC correction has completed. Ready for new impulse. Also bullish RD is in RSI.
Maruti Suzuki's stock finding support at a critical zone presents an intriguing opportunity for investors and traders alike. By considering both technical analysis and fundamental factors, market participants can gain valuable insights into the potential for a rebound in Maruti's stock price. However, it's crucial to approach the investment decision with a...
#Maruti cash -Positioanal call
13.06.2023
Keep watch on Maruti...
One Positive Hourly Candle close...
Go long above its High with stoploss below its Swing
Or
Buy above 9620 SL 9500 Tgt 9740/9940/10100
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or over analyse
5. Treat this as your Business and get serious about it
DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading...
