MARUTI trade ideas
Maruti - Back to bullish trendsSo here is my fav stock which I'm back considering to buy if -
1. The momentum break 61.8 levels and re-tests 8931 (and goes out of the channel)
2. Remains bearish if it fails to break 61.8 then break the 89 EMA and goes to 8590 levels.
As long as the price is above 89 EMA...Bulls rule..so Im expecting move up
MARUTI SUZUKI IND : SHORT CALL Hi friends,
I have work on maruti suzuki 1D chart. We have a descending trendline here. It is declined the fourth time.
The stock may retrace more to touch the previous support line.
- Short : 8965
- sl : 9115
- Target : 8639
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Always do your own research before entering the trade.
Thank you.
Maruti Is Almost Out Of Fuel For Further UpsideMaruti Suzuki India Ltd (NSE: MARUTI) is about to get into a Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 8115 . If it penetrates decisively below this zone on a one-hour closing basis, then we might see the sellers dominating the market.
For Short-term targets, traders should eye on 7935 Zone and then 7800 , being the next support level. For Swing Traders, 7475 Zone will be very critical. Below which we there could be a complete dominance of the sellers.
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a 56.21%-owned subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.