Maruti is at a crucial zone.The chart is pretty self-explanatory. Now all that matters is if the price holds above the zone. if it does we may see good momentum.
DISCLAIMER:
THIS IDEA IS MERELY FOR EDUCATIONAL AND CASE STUDY PURPOSES. THIS IS NO ADVICE. DO NOT INVEST BEFORE CONSULTING YOUR FINANCIAL ADVISOR.
MARUTI trade ideas
MARUTI WILL SEE GOOD TIMES IN THE COMING WEEKS
Maruti has formed a nice double bottom pattern in the weekly chart
The pattern has also broken out of the neckline recently with gap-up indicating strong upmove potential ahead
Also RSI is in the overbought zone indicating the upwards momentum is very strong for this stock
Hence it is a good time to buy the stock before it rallies
MARUTINSE:MARUTI
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Maruti Suzuki forming cup pattern The auto sector in the last trading session is showing good momentum. The daily, weekly & monthly RSI are above 60 and showing a strong momentum. Most of auto makers have posted good Q4 results. In this sector Eicher Motors & Maruti is showing good strength.
Maruti Suzuki is one of the out performers in this sector with a strong momentum as RSI in daily, weekly & monthly are above 60. In weekly chart there is a 'W' Pattern.
Maruti Suzuki NSE:MARUTI
Decisive
A shortage of electric components impacted the company’s April production as per company reports.
Short on monthly timeframe.
Never trade a short without a stoploss.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
MARUTI Positional Buy IdeaAs per my analysis NSE:MARUTI has indicated a strong reversal signal. My view is to take buy entry if any chance price come to level of 8550.00 with stop loss of 8380 (-170 points risk).
My expected upside target will be 8900 & 8990.00. This could be low risk and high reward trade.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Maruti can be accumulated in cashNifty auto index is stong
has sustain this week gap up and weekly gap up are imprtant
preempting : maruti has fallen from upside channel high and has taken support on fibonacci 61.8% level which is very important
now on weekly basis formed bullish candle and now if weekly close is double doji then its good signal to go long in cash
confirmation above 8529 weekly close basis
sl 8230 weekly closing basis
target 1) 8712
target 2) 9122
market are volatile
buy right sit tight
keep position sizing in check
MARUTI - NSECompany website - www.marutisuzuki.com
49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also.
1800cr invested for future EV ready battery projects.
Roll out of EV charging infra by 2023 leading to mass acceptance.
Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining.
We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption.
No debt, huge land bank, best service centre presence pan India.
When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech )
Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates.
A must have in portfolio. BUY
MARUTI : Stock Below 200 EMA#MARUTI : Stock below 200EMA forming good structure (Higher Lows) may soon form a Higher High as well
Auto Sector also in Good Structure
Stock Destined to test its 50 & 100 EMA imminently or may be even break it for more upside.
Ideal Swing trade setup.
Take 5-10% and Keep trailling.
Happy Trading
Keep loving, Sharing for more Learning.