MARUTI KEY LEVELS FOR 05/11/2024//@description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
MARUTI trade ideas
Alert:Maruti on Edge as Lower Highs Signal Looming Support breakWhen a stock ๐ consistently makes lower highs, it signals a weakening trend, with sellers taking control. Maruti is at major support suggests a critical level where the stock might break down further, potentially accelerating the decline ๐จ. Investors watch these levels closely for exit signals, as breaking support can lead to sharp price drops ๐, driven by increased selling pressure and waning confidence in the stock's prospects. However, it may also bounce bank to make another lower low, continuing the bearish trend.
Daily close above 12500 is the key level to watch as it will tell us where the stock is headed.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
[Positional] Maruti SnR IdeaIf it hits stoploss, I will not close the trade but will deploy sphinx method.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
Maruti Suzuki: Symmetric Triangle Pattern and Key Levels ๐ Symmetric Triangle pattern indicating possible breakout on either side
๐ Key resistance at 13,170 and 13,551
๐ Strong support levels at 11,884 and 11,200
Awaiting clear direction for potential trading opportunity
๐ Follow for analysis!
MARUTI KEY LEVELSExplanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND GREEN)
- In this the GREEN line is used to take long entry and the RED line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the RED line just below ( A trade can exit either when the price crosses the RED line or the 5 minute candlestick crosses the RED line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next RED line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The GREEN line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this)
Risk Disclaimer:
Leave a comment if you like my entry setup. This share is for educational learning purposes only, and I am not responsible for your profit or loss. Note: For more details, check the chart.
MARUTI- AnalysisAs per estimates in the market, Revenue and Earning are expected to drop which will be announced around 31st July 2024,
Estimates could be true or it could be rumours so be careful with the position.
Bullish Levels -above 13251 then 13681 to 13743 Important level Safe players and new entry can be planned above this or above 14103 then 14955 then 15807 then 16659
Bearish levels :- Below 12398 then 11546 then 10694 then 9842 then 8990
**Consider +/-62 Points buffer in above levels
**Disclaimer -ย
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
MARUTI BULL FLAG BREAKOUT??๐ MARUTI Breaks Out! ๐๐ ๐
The bulls are back in the driver's seat! ๐๐ฅ MARUTI stock has just broken out of a classic bull flag pattern, signaling a potential surge ahead. This technical formation indicates a period of consolidation, followed by a strong continuation of the previous uptrend. ๐๐น
For the savvy investors, this is a golden opportunity. The breakout confirms the bullish momentum and points to further gains on the horizon. ๐๐
As the market buzzes with excitement, remember to stay informed and make decisions based on your own research. The road ahead looks promising, but as always, tread with caution and keep your investment strategy in check. ๐ง๐
Join the ride and let's watch MARUTI rev up the engines! ๐๏ธ๐จ
MARUTI SUZUKI IND S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Bearish trend in hourly chart of MarutiThe hourly chart (timeframe I use for intraday trades) of Maruti is clearly bearish.
Candles are trading below 50 SMA and the manual trend is bearish as well.
There is a support at 12500 so I will sell once this is broken for targets of 12200 with SL above 12600.
#Educational purpose only
MARUTI SUZUKI - A long term Investment Idea - 50% ROI expected.1) The stock is breaking out of a 6 year old consolidation zone in yearly time frame.
2) The stock is reversing from a Fib 61.8% in yearly time frame.
3) The stock is breaking it's previous swing high.
4) The stock is above to form a strong 3 Month breakout if March closes strong.
The stock structure looks strong, one may accumulate in dips for a long term target of 19000.
MARUTHI SUZUKI IND S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Does $NSE:MARUTI Will test 11900 ?Dear Trader,
As Per Technical Analysis NSE:MARUTI will Face Upside Resistance Near 12750 if breaks then we can see 13100-13300 This level at Upside. but if Breaks Support of 12440 Then might it will test 11900 Level.
Buying MARUTI 12500 PE near 220, SL 180, Target 300,340
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.