MARUTI trade ideas
# MARUTI SUZUKI INDMake ascending triangle chart pattern in 4 hour time fram also make Cup and handle pattern in same time frame take break out of swing high with high volume 100 EMA is below 50 EMA this is bullish Sign , MACD line and histogram saw fair value for bullish way , price is at 5 year high so first Target will be 11231.45 and stop loss will be 9318.95
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
Maruti 30 Min Maruti 30 min brackout
Maruti 30 min timeframe brackout only follow trendline, resistance level break and next big big move few days so see this level and mark your chart
Resistacne Level = 9495-9520
Support level = 9337-9300
follow this level, This level Fibonacci 0.5 importent level resistacne
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 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.