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Marutisuzuki

MARUTI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . SELLING VOLUME HAS DECREASED, I WILL WAIT FOR CONFIRMATION BEFORE TAKING ANY SIDE TRADE. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!
NSE:MARUTI
by ReeAishw
MARUTI SUZUKI Weekly Chart - PositionalThis analysis is purely based on Price Action & Chart Patterns Analysis is done on Weekly Time Frame, Hence it may take few weeks to couple of months for price to reach target. Traders should consider this before entering into the trade. As can be seen, Price has been testing the resistance trendline multiple times. But this time, after getting rejected from that resistance level , it took good support from 200EMA and appears to be consolidating and again ready to test that resistance level . Trade Strategy - (1) Entry to be made on the high of breakout candle. (Traders can wait for weekly closing candle or may enter in 50% qty on daily closing basis and rest 50% on confirmation with Weekly Closing). SL below 6239 level. SL to be trailed accordingly (2) if breakout candle is big, then wait for retest and then enter. Put SL little below that recent swing. This may give much better Reward to Risk Ratio. (3) If price consolidates below this trendline by taking good support of 200EMA without making any new low.. then one can enter on high of green candle with increased volume and SL can be right below that consolidation zone. *Trade on your own risk and money management* Feel Free to comment for any queries or suggestions
NSE:MARUTILong
by AdityaKarn90