Maruti Swing Long TradeMaruti now seems to in a mode of reversal and have strong support around 7150. So one can Initiate Long trade around 7320 with stoploss of 7150 for target of 7570 and 7660 in next few weeks
Disclaimer: Views are only for educational purpose. It is no recommendation for Buy, Sell or hold any stocks or indices
MARUTI trade ideas
Maruti Swing Long CallMaruti is showing strength after hitting it support at lower levels. One can go Long/Buy above 7625 with stoploss of 7470 for target of 7900. If it closes above 7900 then it can move to levels of 8200 in next few weeks
Disclaimer: These are educational views and no recommendation to Buy, Sell or Hold any script or Index
Maruti Bullish OutlookMaruti right now consolidating between 7250 and 7550 zone in short term . Any break of his level will set its direction for next month series. Close above 7550 will take maruti towards 7900 levels in dec series. On downside it has strong support around 7250 and 7050. At present it is highly unlikely it will trade below 7050. One can go long at present around 7430 for tgt of 7900 in dec series. To hedge this position buy 7100 put(dec) around 115.
Disclaimer: Views shared are only for educational purpose. It is no recommendation to Buy, Sell Or Hold any script/index
Maruti to Zoom after forming Shooting Star & Rsi Divergence
Maruti Suzuki Made a High of 9468 on 28th August 2018 & low of 6500 on 28th Oct 2018
The stock has been badly hit in the recent downturn. However there are early indication of the stock coming out of woods.
On 28th October we can see a Shooting Star candle formation indicating selling climax and the stock seems to turnaround
*]The Relative Strength Index is also showing some divergences. Here by divergence I mean, recently the stock clocked lower low on price but the RSI resisted to fall below its earlier low indicating Higher low. This indicates building strength in the stock.
further more the stock closed 10 points above the 6 day EMA which placed at 6788
also the stock closed above the blue Trend line shifting the focus of bears
Any fresh buying in the stock may take it to 7200 & 7633 which is 23.6% & 38.2% respectively retracement of the fall from 9468 to 6500
One Can consider buying The stock above 6830 for a Target of 7200 & 7600 with strict stop loss below 6500
Happy Reading....
Happy Trading .....
Be A Wealthy Trader.....
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 .