Maruti : Make or Break?Technical view
Box trading strategy in which you identify or stop consolidating for a couple of days and trading the direction of the breakout in this case Maruti Suzuki india limited is consolidating for past 3 days.
What is the strategy why does this work?
When a stock price moves sideways, it usually happens for two main reasons: either people are losing interest in the stock, or there's a lot of activity but the number of buyers and sellers is balanced.
Now, imagine a group of traders who are watching this stock. They have set their stop-loss orders close to where they bought the stock. This means if the price moves too far against them, they'll automatically sell to limit their losses.
When the stock finally breaks out of this sideways pattern, something interesting happens. New buyers or sellers jump in, excited about the movement. At the same time, those traders who were holding onto their positions start to sell because their stop-loss orders are triggered.
This combination of new traders entering the market and existing traders exiting their positions creates a surge in momentum in the direction of the breakout. So, if the price breaks upward, it can rise quickly as both new buyers come in and former holders sell out, pushing the price even higher.
Pro Tip
Entry at 15m tf Strong Candle Close (Outside the Box)
StopLoss is at Entry Candle high or Low (Not more than (0.8%)
Targets :- 12,887.50 (Upside) 12,411.25 (Downside)
Fundamental View
Profit: Maruti Suzuki India Ltd reported a consolidated net profit of ₹3,727 crore for Q3 FY25, a 16% YOY increase. However, another source indicates a standalone net profit of ₹3,525 crore, up 13% YOY, but below market expectations of ₹3,624 crore.
Revenue: The company reported revenue of ₹38,764 crore, a 16% YOY increase.
Sales Volume: Total sales were 566,213 units, up 13% from last year3. Domestic sales were 466,993 units (up 8.7%), and exports were 99,220 units, a significant increase of 38.2%.
EBITDA: Operating profit (EBITDA) increased by 14.4% YOY.
Not an Investment Advise
