MARUTI - A strong conviction, Buy on Dips chart structureWHY?
- A meaningful INHS breakout on the monthly chart (Black-line) is sustaining for a long period now, confirming strong medium-term bullishness.
- On the weekly chart Price is protected by a trendline (Green), Below which it only traded in RUSSIA - UKRAINE crisis and still closed above that
- The NSE auto index (CNXAUTO) is also showing medium-term bullishness which will act as sentimental support
- Resistance on the above side (Red) is tested multiple times and the chart can break out at any time in the next few months.
- So keep adding MARUTI near to its weekly support line
Happy Investing
MARUTI
Be ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis.
MARUTI - Inverted Head and ShoudersNSE:MARUTI has made inverted head and shoulders pattern on weekly chart.
It can be good choice for long term investors and swing traders.
Trade Details:
Entry: 8600 or below.
Stop Loss: 7800
Holding Period: at least 3-4 months
It can reach a new all time high in near future.
Auto Sector Index has also made an hammer on weekly chart at an important support zone.
Happy investing :)
MARUTI - Price Action Analysis NSE:MARUTI is Showing Bullish Multi month Breakout and Harmonic Butterfly pattern with target 8500 -9200 .
Although it might be consolidate at the range of 7650-7800 if It break the level of 7800 and sustain above higher chance the momentum will come and the Harmonic Pattern will activates and you will see T1 and T2 as well.
Suppose it will not sustain and break the below level 7650 you might take chance of short as well.
Note : Depend on Overall Market behavior and risk apatite you can take chance for favorable risk and reward.
Maruti about to speedup...Maruti broke the counter trendline (Yellow) on daily time frame as well as weekly timeframe a month ago and then retested and took support beautifully from the same counter trendline on both timeframes that is now acting as a supportive trendline.
After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers try to buy as much as possible without raising the price). It's also in a symmetrical triangle formation that is a continuation pattern and here it shows upside movement.
RSI looks good.
MACD recovering from bearish to bullish.
0.382 fib support present near 7450.
Finally
Buy above 7551 for the targets mentioned above in the chart
Choose your risk : reward accordingly.
If you like the idea please LIKE,COMMENT and SHARE.
Maruti..looking like a good setup on weekly chartMaruti weekly chart.
- Symmetrical triangle breakout is seen.
- Now needs to cross horizontal resistance on a weekly closing basis of 8325 levels.
- On crossing may proceed towards ATH levels.
*Only for educational purposes, not a buy/sell recommendation.
MARUTI looking extremely bullishIf you take a good look at weekly chart of NSE:MARUTI , you can find multiple bullish patterns and yesterday's 7% move with good volumes might mean that a new bull run can be seen in it. You can find head and shoulders, W (double bottom) and cup and handle. You can't possibly get a more bullish technical setup than this.
MARUTI - Look RANGE BOUNDWe have seen a remarkable move in the auto stocks, while Maruti is lagging behind.
Still, it does not look promising on the chart, the stock is not able to move above 8000 levels.
There is a possibility that it might move in the range for a while.
Weakness may come below 7000.
Fresh Buying can only be seen above 8000 levels.
Nifty, Banknifty, top stocks Analysis with imp leves!The indices saw a choppy session ahead of the Thursday expiry. Midcaps and smallcaps continue to take a beating, but large caps seem to have held their ground well. Reliance tends to hold strong when the broad market is facing selling pressure, hence clearing the 2100 psych level.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986, 16,040, 16,120, 16,177, 16,225, 16,349.45
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,