MARUTI trade ideas
MARUTI ::: SHORT09 MAY 2020
INSTRUMENT: MARUTI
TIME FRAME: WEEKLY
OTHER TIME FRAMES FOR CONFIRMATION:
2 HOUR, 3 HOUR, 4 HOUR, DAY, WEEK & MONTH
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
Technical levels
CMP: 4654.15
Sell below: 4646
SL: 4669
TARGET 01: 4619
TARGET 02: 4593
My analysis of MARUTI is expected to continue its downtrend for some time now. On weekly timeframe Stochastic has just become bearish. Whereas in the day time frame it is clearly bearish.
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.
Maruti Suzuki : Buy Only above 5100hello, let's talk about cars,
Buy Maruti Only above 5100 only if buy trigger then recommended stop-loss is 4980
target 5220-5400-5650
Those who are doing trading And likely to trade TCS then they can Short it, For toward target 1745 - 1600
Genuine if you like my ideas then please like it, I need your support.
Thanks
Thanks
Divergence on Maruti Suzuki In Falling MarketExtremely High Risk Trade
Maruti Suzuki Auto Heavy Weigh In Nifty 50 And Sensex 30 Index Showing Divergence on stochastic Indicator
Inverse Head And Shoulder Formation On weekly Chart.
If Gaps up to traps the bear, Shortcovering can be seen in this counter.
Do u your own analysis before trading
Maruti Multi time frame analysis - Downtrend swing tradeHello,
Maruti stock is trading in monthly time zone and clearly is in downtrend with making higher high and higher low and recently its decisively break the monthly support and took the rest at daily support range. now it will retrace till the monthly support zone and monthly support zone will react as a resistance for the retrenchment . after that it will continues his downtrend.
Will make the position after the rejection at monthly support. Will see how it works.. This can be our swing trade ..
Regards,
Satish
Buy long term and sell covered callCorrect time to buy auto sector stock when things are not going so well. Things will be choppy for couple of months. Maruti is fundamentally strong support and captures around 50% market in passenger vehicles. It will bounce back soon.
The idea is to buy equity on each dip, pledge shares and sell CE (won't cross the channel given in graph this month).