Maruti - Short Term Buy - 07 Sep 2020As market has opened up and vehicle purchase has increased month on month from its regular lows. People with high risk appetite can enter @7414 others wait for the price movement above 7880 and post which if we get confirmation we can have a target 1 @8522 and 2nd Target @ 9450.
As always please do your own research before even planing to invest.
MARUTI
Maruti Suzuki India-15 Min TimeframePeriod: 08/05/2007 to 18/08/2020
No. of Points: 19,871.
No. of Trades: 182.
% Profitable: 68.68 %.
Profit Factor: 3.348
Points per trades: 109.18
No. of lots: 2 (1 lot is partially booked after 150 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
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MARUTI ::: SHORTDATE: 10 AUG 2020
INSTRUMENT: MARUTI
TIME FRAME: DAY
REASON FOR SELECTING STOCK?
1. ONE OF THE TO LOSERS IN NSE.
2. COMPLETED 5 WAVES IN DAY TIME FRAME.
PRICE ACTION:
CMP: 6608.90
SHORT BELOW: 6573
STOP LOSS: 6671
TARGET: 6230
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.