MARUTI Positional Buy IdeaAs per my analysis NSE:MARUTI has indicated a strong reversal signal. My view is to take buy entry if any chance price come to level of 8550.00 with stop loss of 8380 (-170 points risk).
My expected upside target will be 8900 & 8990.00. This could be low risk and high reward trade.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
MARUTI
MARUTI - NSECompany website - www.marutisuzuki.com
49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also.
1800cr invested for future EV ready battery projects.
Roll out of EV charging infra by 2023 leading to mass acceptance.
Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining.
We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption.
No debt, huge land bank, best service centre presence pan India.
When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech )
Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates.
A must have in portfolio. BUY
MARUTI : Stock Below 200 EMA#MARUTI : Stock below 200EMA forming good structure (Higher Lows) may soon form a Higher High as well
Auto Sector also in Good Structure
Stock Destined to test its 50 & 100 EMA imminently or may be even break it for more upside.
Ideal Swing trade setup.
Take 5-10% and Keep trailling.
Happy Trading
Keep loving, Sharing for more Learning.
Maruti - A ViewIn larger timeframe, Maruti broke 50% retracement level of 8177. If it goes further down, it may go down to 7850 which is 61.8%
In case of any bounce back, it came up to 8370 (23%) and if stretches, it may come up to 8500 (38%). Change of direction can come only after 8720 (close and cross)
#MARUTI Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
Maruti Suzuki India Limited - Ascending Triangle Breakout📊 Script: MARUTI (MARUTI SUZUKI INDIA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY AUTO / NIFTY500 / NIFTY
📊 Sector: Automobile and Auto Components
📊 Industry: Passenger Cars & Utility Vehicles
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Already Crossover in Double Moving Averages.
📈 Script is giving Ascending Triangle Breakout as mention is chart.
📈 Script is trading at resistance level which is around 9280, technically script is looking good for trade.
📈 Current RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 9280
🟢 Target 🎯🏆 - 9733
⚠️ Stoploss ☠️🚫 - 9053
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Largest car company in India - Maruti SuzukiBased on Market share and Turnover Maruti Suzuki is the largest car company in India with a market share of ~45%, nearly half of the cars sold in the country.
Some macro...
If India's economy continues to grow as predicted, by 2025 the Indian middle class will number 583 million people, or 41 percent of India's projected population,1 almost twice the current population of the United States (Columbia.edu).
India’s real GDP is projected to grow at 9% in both 2021-22 and 2022-23 and at 7.1% in 2023-24. This projects India as the fastest growing major economy in the world in all these three years.
Source: Ministry of Finance
India has the third-largest group of scientists and technicians in the world and the population of India is expected to rise from 121.1 cr to 152.2 cr during 2011-36 an increase of 25.7% in twenty five years.
Source: National Commission on Population, Ministry of Health & Family Welfare
Nifty 50 vs S&P 500:
Website:
www.marutisuzuki.com
This a long term hold
MARUTI on UPTREND ++ Positive Results ++ Volume & OI GainingScript: MARUTI
Nifty50 Stock: YES
Sector: AUTO
Results: Published on 27th July. Very Positive Result. Q1 EBITDA RUPEES 19B VS 8.21B (YOY). Q1 NET Profit Rupees 10.1B vs 4.4B(YOY). Profit more than doubles, revenue hits 51% higher
NOTE: Ignore parallel channel! :-)
MARUTI has posted a good Q1 result which should trigger breakout. It's started showing strength and gaining momentum now!
As per OI, 9000 is a major resistance for July & Aug expiry. Call writing been seen at 8800 & 8700 for Aug. 8500 is a major support now for this and next expiry. It seems though that a number of call writers are stuck at 8600! If it sustains at this range (8650 or above) or crosses 8700 then we could see decent short covering rally soon.
It's above 50 & 200 EMA (there was a decent bounce from 200 EMA).
As per chart, strong Breakout could be seen above 9000 And sustaining above 9000-9100 will open up higher levels. ie 9500, 9700 & 10000. Supply Zone will be 8300-8380 on a lower side- Will be buying opportunity!
1st entry should only be above 8700 and 2nd should be above 9000 (on re-test).
CAUTION - TIP of the DAY : For F&O..It's better to enter in long when RSI is above 60 or enter in short when it's below 40. Also keep an eye on OI (open interest) and Volume. Higher is better. If there is not much volume or OI keeps decreasing then better to stay away and wait for them to go up before entering. FYI- For indexes, probability will be higher if you enter when RSI is above 60 or below 40, volume above 50k(for Nifty) or 125 (for Bank Nifty) and OI is at or above 2M.
FYI - MARUTI's RSI is about to cross 60 on daily chart. OI decreased significantly for July (due to call writers covering their positions) and increased (due to longs been added heavily for Aug expiry). I can see huge volume for both expiries in last one hour of closing (on 27th July), expecting to gap up or keep moving higher up from 29th July.
Next on a list is TATA MOTORS - also looking good!
*** For F&O - Always hedge your position or keep SL in the system *** Play Safe! Protect your Capital! ***