MARUTI levels...22.11.2021 ( D candle)MARUTI Chart is son interested, bcz weekly time frame its double top & forms also channel so once its breaks the will expect 9000+ in short term otherwise will see again 6800 levels
MARUTI trade ideas
Maruti about to speedup...Maruti broke the counter trendline (Yellow) on daily time frame as well as weekly timeframe a month ago and then retested and took support beautifully from the same counter trendline on both timeframes that is now acting as a supportive trendline.
After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers try to buy as much as possible without raising the price). It's also in a symmetrical triangle formation that is a continuation pattern and here it shows upside movement.
RSI looks good.
MACD recovering from bearish to bullish.
0.382 fib support present near 7450.
Finally
Buy above 7551 for the targets mentioned above in the chart
Choose your risk : reward accordingly.
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Buy Marut Suzuki Target 🎯 9000Buy Marut Suzuki Target 🎯 9000 because it's recently given major breakout
Maruti..looking like a good setup on weekly chartMaruti weekly chart.
- Symmetrical triangle breakout is seen.
- Now needs to cross horizontal resistance on a weekly closing basis of 8325 levels.
- On crossing may proceed towards ATH levels.
*Only for educational purposes, not a buy/sell recommendation.
Maruti Medium to Long term trade ideaWait for confirmation of breakout.
Favorable risk to reward.
Accumulate in 3 phases as per your risk appetite (Based on closing price).
Levels:
Stop Loss - 7400
Target 1 - 9900
Target 2 - 11500
MARUTI looking extremely bullishIf you take a good look at weekly chart of NSE:MARUTI , you can find multiple bullish patterns and yesterday's 7% move with good volumes might mean that a new bull run can be seen in it. You can find head and shoulders, W (double bottom) and cup and handle. You can't possibly get a more bullish technical setup than this.
Maruthi suzuki wave analysismaruthi completed wave 2 correction,powerful 3rd wave already started towards 13500.
MARUTINSE:MARUTI
ALSO IN 1 WEEK TIMEFRAME MARUTI FORMED INVERTED HEAD AND SHOULDER
LEFT SHOULDER STARTING FROM 2018 TILL NOW
SO IF IT BRKS 7750 AND SUSTAIN ABOVE IT IN ONE WEEK TIME FRAME THEN CAN HOLD IT FOR SWING TRADE
THANKYOU...
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MARUTI - Look RANGE BOUNDWe have seen a remarkable move in the auto stocks, while Maruti is lagging behind.
Still, it does not look promising on the chart, the stock is not able to move above 8000 levels.
There is a possibility that it might move in the range for a while.
Weakness may come below 7000.
Fresh Buying can only be seen above 8000 levels.
MARUTI buy above 7579 2:1 Reward Risk
Maruti forming a rounding bottom, can break out
Buy for 25-50 rs move
Intra / Positional
MARUTI SUZUKI (LONG)MARUTI has made a "W" pattern ... if breakout given ... which is highly likely ... than it is expected to move up.
as of now facing resistance near 7820 ... which is apex of "W"
so Buy Maruti Suzuki above 7815
tgt 8000 - 8200 - 8282
for long term tgt 9000+
SL 7600
Maruti Perfect breakout waiting for this one to rise and shine! The inverse head and shoulders plus break out of the resistance zone. Here is how we plan to play it. Follow us for more ideas.
maruti buy cmp 7788Buy Maruti 7781
Target 8000-8500
Stop 7650
15 Minute Stocastic buy forming at support
Maruti Swing Short in the MakingSell Below 7525 , cmp 7533
Levels on the chart
Sell only below the red band
MARUTIgood trend line may be its broke resistance line we entre the trade 23% its have expert be patience and wait good momentum candle and entre
BUY MARUTIMarket Cap
₹ 231,303 Cr.
Current Price
₹ 7,657
High / Low
₹ 8,400 / 6,301
Stock P/E
45.1
Book Value
₹ 1,738
Dividend Yield
0.59 %
ROCE
5.20 %
ROE
4.40 %
Face Value
₹ 5.00
Maruti- Complete Technical analysisMaruti- Complete Technical analysis- only for educational purposes
Long with Risk of 1% and RR of 1:2Long with Risk of 1% and RR of 1:2
NOTE: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk."
MarutiEnter above 8000, Favorable risk to reward. Inverted head and shoulder patter formation. Auto sector is bullish as well.
Marutisuzuki can retrace from current level1. Evening star in daily time frame at top
2. at important resistance
3. RSI negative divergence
Maruti 10000+ ViewMaruti gearing up to move upwards.
As you cab see this is a long term analysis via weekly chart.
Stock has formed an inverted Head and shoulders patterns.
breaking out from this can lead to previous highs of 10k+
Follow idea to get new breakout levels and stay updated!!
