MARUTI
MARUTI - any chance to buy? 15m, 45m & 2 hours analysis.
All The Levels And Patterns Are Marked On Charts, Red Zone Denotes Supply Zone And Green Is For Demand Zone. .
In case the price breaks the lower trend line in 15 mins time frame, it can take support from 8087, if that gets broken 8035 will be the next support level.
Buy near 8035 for bullish targets.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. - Not Used Here.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB : Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
MARUTI - Bullish H&S Pattern Breakout - Swing/InvestmentThis analysis is in continuity of my previous analysis of the MARUTI. The link is attached here with for reference
Logic and trade strategy is explained in that idea.
Entry range and SL is shown in this image. Targets are similar to previous analysis.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
Symmetrical Triangle Breakout in "Maruti" - Bull Call Spread.Maruti has broken its symmetrical triangle on the upper side expecting a target of of 8000-8200 in the month of December.
Bull Call Spread on Maruti
+1x 31DEC2020 7200CE - ₹ 303.5
-1x 31DEC2020 8000CE - ₹ 72.25
Max. Profit - ₹ +56,875
Max. Loss - ₹ -23,125
Max. RR Ratio - 1:2.45
Breakeven - 7432
Estimated Margin/Premium - ₹23,000-- ₹25,000
MARUTI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
SELLING VOLUME HAS DECREASED, I WILL WAIT FOR CONFIRMATION BEFORE TAKING ANY SIDE TRADE.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!