Maruti Suzuki on a long Run🤑🎯🏃🙆1• In my last week's analysis I had told that Maruti Suzuki is moving in a triangular shaped pattern, and if it breaks it there's no stopping it.
2• As I forecasted last week was great for Maruti Suzuki locking 2.5% profit on it .
3•. For those who have missed this entry have another entry shaping up nicely for the week ahead.
4• Be patient let the market show you confirmation and then enter the trade.
Have A great week ahead🎯🤑
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MARUTI trade ideas
Maruti Triangular Break OutLooking Bullish ...
Currently Maruti is in channel pattern but inside channel pattern a triangular breakout happened.
Buy Maruti with a SL 7349 and target 9510.
Disclaimer: I am not sebi registered analyst.My studies are Educational purpose only.Please consult with your Financial advisor before trading or investing..
Maruti looking bullish#MARUTI
1D
Inverted H&S pattern
Resistance break with high increasing volumes
Previous resistance is now working as Support
Enter in demand zone
Good to buy at cmp
In case re-test buy 7350
Target 7740 (swing trade)
Target 7740/8000/8200++ (positional-trade)
View negated if daily candle close below 7200
#CHARTVIEW
#TheChartingBeast
Maruti Suzuki moving in Triangle• As you can Maruti Suzuki is moving in a triangular pattern.
• If the pattern brokes up correctively the resistance of triangle then it's is a good opportunity for buy.
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*Also are you looking for a buy on Maruti Suzuki? Do tell in comment section your view.*
MARUTI ::: BULLISH :::DATE: 04 JUNE 2021
INSTRUMENT: MARUTI
TREND: BUY
TIME FRAME: DAY
CMP: 7214.70
BUY ABOVE: 7230
STOP LOSS: 6909
TGT 01: 7653
TGT 02: 8307
DISCLAIMER:
We are not S E B I registered analysts.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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MARUTI : Head & Shoulder Trend Rejection.Positive Bais: Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it susained above @6855 level.
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Points to be Note (Technical + Fundamental)
1. Head & Shoulder pattern formation.\
2. Anticipated rejection at level 7060 due to increased in sales.
3. Sales soars, Decreased in profits no issues why? Cash folow has been increased in investing activies, Reserves has been increased by impressive numbers.
4. Seconday trend retracment are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs.
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Le me know in comment section what's your views on this? NSE:MARUTI