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Decoding Bullish Signals in Maruti Suzuki India Ltd.: AnalysisMaruti Suzuki India Ltd., a titan in the automotive industry, is currently displaying noteworthy bullish indicators. With its spot price at 13000.5 and several key market metrics pointing towards positive momentum, it’s essential to delve into the specifics to understand the implications for investors and traders. In this blog post, we’ll dissect the data on spot price, strike price, traded contracts, open interest, and changes in call options to provide an in-depth analysis of Maruti Suzuki's current market stance. Key Data Points Name: Maruti Suzuki India Ltd. Spot Price: 13000.5 Strike Price: 13000ce Max Traded Contracts: 1,616 Call Open Interest (OI) (All Strike Prices): 149.75 K Call Turnover % Change (All SP): 30.45% Call Contracts % Change (All SP): 28.79% % Change in OI (All SP): 56.89% Thorough Analysis Spot Price vs. Strike Price The spot price of Maruti Suzuki India Ltd. at 13000.5 is comfortably aligned with the strike price of 13.00 K, indicating stability and a balanced market sentiment. This alignment suggests that market participants are closely monitoring this level, which could act as a pivotal point for the stock's price action. Maximum Traded Contracts Despite a moderate volume of traded contracts, with 1,616 contracts, there's still observable trading activity and interest in Maruti Suzuki India Ltd. This volume implies that certain market participants are actively engaged and may be positioning themselves based on perceived market opportunities. Call Open Interest (OI) With call open interest across all strike prices standing at 149.75 K, there’s a clear indication that a notable number of traders hold long positions in call options. This elevated open interest suggests a positive sentiment towards Maruti Suzuki India Ltd., with expectations of potential upward price movements. Surge in Call Turnover The 30.45% increase in call turnover reflects a notable uptick in the value of call options traded. This surge suggests heightened buying activity, as traders anticipate further appreciation in Maruti Suzuki India Ltd.'s stock price. Increase in Call Contracts The 28.79% rise in the number of call contracts traded indicates a notable increase in trading volume for call options. This surge in activity suggests that more market participants are entering positions in call options, potentially expecting Maruti Suzuki India Ltd. to experience upward momentum. Change in Open Interest The substantial 56.89% increase in open interest indicates the creation of numerous new positions. This rise suggests growing market participation and commitment, with traders anticipating future price appreciation in Maruti Suzuki India Ltd. Conclusion The data underscores a positive sentiment surrounding Maruti Suzuki India Ltd., with multiple indicators pointing towards favorable momentum. The alignment of the spot price with the strike price, coupled with increases in call turnover, contracts, and open interest, suggests that market participants are optimistic about the stock's prospects. Market Sentiment and Outlook This bullish outlook could be attributed to various factors, including strong financial performance, positive industry developments, or favorable market conditions. Investors should closely monitor Maruti Suzuki India Ltd.'s price movements and key technical levels for insights into future market trends. Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Market conditions can change rapidly, and it's essential to consider individual risk tolerance and investment objectives. By analyzing these indicators and staying informed about market trends, investors can make more informed decisions, potentially capitalizing on the bullish signals exhibited by Maruti Suzuki India Ltd.
MLong
by ruelfernandes
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. If you like the idea please LIKE,COMMENT and SHARE.
NSE:MARUTILong
by this_is_shoaib
6
MARUTI SYMMETRICAL PATTERNHello Welcome to this analysis about MARUTI , we are looking at daily timeframe perspectives. MARUTI in recent times heavily decreased with bearishness however it now moved into an oversold condition. MARUTI is developing here that will be a decisive factor in the upcoming times. I discovered the main formation MARUTI is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how MARUTI has emerged with this key MARUTI SYMMETRICAL PATTERN marked in my chart with the black boundaries. MARUTI is near support region which is an important support and also psychological support-mark together with the lower-boundary of the MARUTI SYMMETRICAL PATTERN a pullback In this manner, thank you for watching my update-analysis about MARUTI and its major MARUTI SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:MARUTILong
by shanechart
MARUTI - TRENDLINE SUPPORT to BREAKOUT with RISK:REWARD=1:10MARUTI Looks overall bullish and following the trendline perfectly. MARUTI is holding the above trendline from May 2021. Today, it retouched the trendline and bounced back hard. Above 7350, It can reach to 7650 quickly and easily. The risk level is 7150. One can enter the trade today at 7190 with Target= 7650 and Stop Loss= 7150 for almost 400 points with risk of 40 points. Risk/Reward ratio = 1:10 i.e., If you can risk one lakh rupees, there is high chance you may get 10 lakh rupees. My personal Trade: Entered MARUTI JUL 7400 calls at 27.00 For safe traders, MARUTI AUG 7400 calls as swing trade. DISCLAIMER: ALL POSTS ARE EDUCATIONAL PURPOSES.WE ARE NOT RESPONSIBLE FOR UR PROFIT/LOSS
NSE:MARUTILong
by sainathsetti96
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
NSE:MARUTILong
by rajveerscolia