MARUTI trade ideas
Maruti Swing Long TradeMaruti has strong support around 6650 zone and it is trying to move up from here. So one can initiate long from here with stoploss of 6620. But as Market is not supported hedge this long position by buying next month 6500 or 6000 put. and trade for target of 7400.
Disclaimer: view expressed are only for educational purpose and is no recommendation to buy sell or hold any stock/index
MARUTI Swing Long CallMaruti is now showing lot of support around 6700 levels. So now one can initiate long/buy at present price of 7150 for tgt of 7500 and 7800 with stoploss of 6850.
Disclaimer: View expressed here are for educational purpose only. It is no recommendation for any buy, sell or hold any stock.
Maruti long viewMaruti is exactly at Fibonacci ret level 38.2 % it may be retrace from here , also it is heavily overbought according to rsi ,cci,mfi
And festival season is also sales in oct will be definitely increase main season of india, Oct series is very good to be long in maruti, available at huge huge discount
MARUTI IN DANGER ZONEMARUTI this week has enter in a danger zone of 8220 to 8400. On weekly chart it has become very week and is on a verge of major breakdown below 8220. If it closes below 8220 then it has potential to slide upto 7400 levels in next few months. It might get little support around 8100 levels but any close below it will break it. To be out of this danger zone it needs to stay above 8220 levels.
Disclaimer: this view is for education purpose to study market behaviour. It is no recommendation to buy , sell or hold .
Maruti - Back to bullish trendsSo here is my fav stock which I'm back considering to buy if -
1. The momentum break 61.8 levels and re-tests 8931 (and goes out of the channel)
2. Remains bearish if it fails to break 61.8 then break the 89 EMA and goes to 8590 levels.
As long as the price is above 89 EMA...Bulls rule..so Im expecting move up