Maruti Suzuki - Formation of inverse head & shoulder patternChart is self explanatory.
Wait for the breakout.
Note: This is note as stock recommendation.
MARUTI trade ideas
Maruti Suzuki moving in Triangle• As you can Maruti Suzuki is moving in a triangular pattern.
• If the pattern brokes up correctively the resistance of triangle then it's is a good opportunity for buy.
*If you like my idea Do like and comment.*
*Also are you looking for a buy on Maruti Suzuki? Do tell in comment section your view.*
MARUTI ::: BULLISH :::DATE: 04 JUNE 2021
INSTRUMENT: MARUTI
TREND: BUY
TIME FRAME: DAY
CMP: 7214.70
BUY ABOVE: 7230
STOP LOSS: 6909
TGT 01: 7653
TGT 02: 8307
DISCLAIMER:
We are not S E B I registered analysts.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging.
Let's master the markets together.
Maruti In Bear GripKeep eye on Maruti First TGT 6812 with small support and 6392 is a big support . So, expected target for this month is 6400 nearby..
MARUTI - Weekly Elliot Wave AnalysisAs on 15-06-2021
Wave 0 = 4001
Wave 1 = 8329
Wave 2 = 6400
Wave 3 possibility = (1.618 * ( Wave 1 - Wave 0 ) + Wave 2)
= 13363
Wave 4 Max retracement of 0.5 = 9900
Similarly Wave 5 possibility = (0.618 * ( Wave 3 - Wave 2 ) + Wave 4 )
=14210
MARUTI : Head & Shoulder Trend Rejection.Positive Bais: Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it susained above @6855 level.
.
Points to be Note (Technical + Fundamental)
1. Head & Shoulder pattern formation.\
2. Anticipated rejection at level 7060 due to increased in sales.
3. Sales soars, Decreased in profits no issues why? Cash folow has been increased in investing activies, Reserves has been increased by impressive numbers.
4. Seconday trend retracment are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs.
.
Le me know in comment section what's your views on this? NSE:MARUTI
PROMISING WEDGE PATTERN IN MARUTI FOR 7500 AND MOREPROMISING WEDGE PATTERN IN MARUTI FOR 7500 AND MORE
Looking Bullish Good For Buy Above 6990MARUTI following parallel Channel Support as Looking Bullish can go for buy above 6990 Target 7050 -7100
Maruti is on strong resistance levelMaruti is on strong resistance level of 7240 if break with good volume then can give good move in upside to 7300- 7400
maruti suzukiTrend-upwards
Indicators-20ema and 50 ema cross over (20 emA crosses 50 ema and going upward)
Support and resistance- going to touch their resistance level (soonly it will going upward 300 pips)
Holding period- 4-5 days
Maruti - Bottoming out1. Bullish engulfing candle forming
2. Bullish RSI Divergence
3. Elliot Wave wise Wave 3 starts
Good risk reward for longs.
Buy MarutiBuy, Sell, SL levels are as mentioned in the chart.
Reason for buying NSE:MARUTI
1. Positive RSI divergence on daily TF.
2. Broken falling wedge.
3. Good Risk/Reward.
MARUTI SUZUKI INDIA LTD 4HRBullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
MARUTI EW Wave with BAT PatternCorrection is almost done with BAT Pattern confirmation.
Possible tgts 7k and 7200
