MARUTI trade ideas
Maruti to Zoom after forming Shooting Star & Rsi Divergence
Maruti Suzuki Made a High of 9468 on 28th August 2018 & low of 6500 on 28th Oct 2018
The stock has been badly hit in the recent downturn. However there are early indication of the stock coming out of woods.
On 28th October we can see a Shooting Star candle formation indicating selling climax and the stock seems to turnaround
*]The Relative Strength Index is also showing some divergences. Here by divergence I mean, recently the stock clocked lower low on price but the RSI resisted to fall below its earlier low indicating Higher low. This indicates building strength in the stock.
further more the stock closed 10 points above the 6 day EMA which placed at 6788
also the stock closed above the blue Trend line shifting the focus of bears
Any fresh buying in the stock may take it to 7200 & 7633 which is 23.6% & 38.2% respectively retracement of the fall from 9468 to 6500
One Can consider buying The stock above 6830 for a Target of 7200 & 7600 with strict stop loss below 6500
Happy Reading....
Happy Trading .....
Be A Wealthy Trader.....
Maruti Swing Long TradeMaruti has strong support around 6650 zone and it is trying to move up from here. So one can initiate long from here with stoploss of 6620. But as Market is not supported hedge this long position by buying next month 6500 or 6000 put. and trade for target of 7400.
Disclaimer: view expressed are only for educational purpose and is no recommendation to buy sell or hold any stock/index
MARUTI Swing Long CallMaruti is now showing lot of support around 6700 levels. So now one can initiate long/buy at present price of 7150 for tgt of 7500 and 7800 with stoploss of 6850.
Disclaimer: View expressed here are for educational purpose only. It is no recommendation for any buy, sell or hold any stock.
Maruti Suzuki - Support,Resistance and targetsPlease check the support resistance for maruti suzuki.
Maruti long viewMaruti is exactly at Fibonacci ret level 38.2 % it may be retrace from here , also it is heavily overbought according to rsi ,cci,mfi
And festival season is also sales in oct will be definitely increase main season of india, Oct series is very good to be long in maruti, available at huge huge discount
MARUTI IN DANGER ZONEMARUTI this week has enter in a danger zone of 8220 to 8400. On weekly chart it has become very week and is on a verge of major breakdown below 8220. If it closes below 8220 then it has potential to slide upto 7400 levels in next few months. It might get little support around 8100 levels but any close below it will break it. To be out of this danger zone it needs to stay above 8220 levels.
Disclaimer: this view is for education purpose to study market behaviour. It is no recommendation to buy , sell or hold .
MARUTI SWING LONG CALLMaruti on 4 hours chart is showing a breakout according to my tni trading system. So long can be initiated around 8675 with stoploss of 8510 for target of 9000.
Disclaimer: These ideas are for educational purpose and is no recommendation for Buy or Sell
Maruti finds supportMaruti looks to go and test the new highs!
1.Breaks the price range zone
2.Find support at critical 50% fib
3. May go to new highs.....Watch the price action!
Holding from 3000 levels....10,000 soon!
Maruti C&H long term Target 11300++Maruti C&H long term Target 11300++ , Right time to buy Maruti CMP
Maruti Suzuki: Final Wave Before Fall.I think Maruti Suzuki is currently in its final wave before the correction.
Maruti Suzuki inverted S-H-SMaruti Suzuki has formed an inverted S-H-S pattern and ready rock post 18th Aug/ dividend correction.
Weekly Bearish Reversal Shooting Star candle formed at resistanWeekly Bearish Reversal Shooting Star candle formed at resistance area.
MARUTI INTRADAY SHORT OPPORTUNITY!All details on chart.
Use proper capital management.
This is not an investment advice.
MarutiBuy around 9355, Trgt 9375-80, Sl 9345. Bullish Flag is formed. If it breaks out, can go towards 9500+.
