MARUTI SUZUKI IND 4HRCONFLUENCE OF DAILY & 4HR BEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
MARUTI trade ideas
MARUTI SUZUKI IND Daily BEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Maruti appears strong upside momentumIf maruti breaks and sustain above 7350. One can open long position till the 7700.
This is my view only
MARUTI SUZUKI Weekly Chart - PositionalThis analysis is purely based on Price Action & Chart Patterns
Analysis is done on Weekly Time Frame, Hence it may take few weeks to couple of months for price to reach target. Traders should consider this before entering into the trade.
As can be seen, Price has been testing the resistance trendline multiple times.
But this time, after getting rejected from that resistance level , it took good support from 200EMA and appears to be consolidating
and again ready to test that resistance level .
Trade Strategy -
(1) Entry to be made on the high of breakout candle. (Traders can wait for weekly closing candle or may enter in 50% qty on daily closing basis and rest 50% on confirmation with Weekly Closing). SL below 6239 level. SL to be trailed accordingly
(2) if breakout candle is big, then wait for retest and then enter. Put SL little below that recent swing. This may give much better Reward to Risk Ratio.
(3) If price consolidates below this trendline by taking good support of 200EMA without making any new low.. then one can enter on high of green candle with increased volume and SL can be right below that consolidation zone.
*Trade on your own risk and money management*
Feel Free to comment for any queries or suggestions
daily analyses of MURATI SUZUKI IND Hi friends
the daily chart shows with a high probability an uptrend in the coming days
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Maruti (NSE) - Elliott wave analysis Welcome guys,
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MARUTI (NSE) - It has completed either 3rd of impulse up or ABC zigzag from major low in 4 hr time frame. Now it is correcting down, where A wave was impulse down and B is in ABC zigzag, which might be finished. But wait for confirmation to get in to sell trade set up. Stay bearish below 6673 once the price confirm the down cycle.
Give thumbs up if you really like the trade idea.
Maruti good shorting candidateMaruti spot cmp 7150
Bearish bat pattern formation
PRZ range 7150 to 7230
view gets negated above 7350 on closing basis
down side 6900-6700-6500 possible
MARUTI SUZUKI IND Daily BEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
