MARUTI trade ideas
MARUTI MARUTI Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
Maruti Positional Buy Setup for 8000Maruti Has broken the important resistance 7200 on Daily Chart and Closed on Monthly Chart Too. I will accumulate Maruti near 7250-7280 With Stoploss of 7110 For The target of 7600-8000
Maruti Maruti Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
MarutiBarely survived a breakdown for now. Bounced from the 50MEMA and 200WEMA. Would be a little cautious until there is greater clarity before thinking of going long.
Maruti Going Short38.2 Fibo retracement proved as resistance, the bottom TL just broke, indicating negativeness in Maruti.
Maruti-- short term target of 7250.RSI-- Moving up from 30.
Strong downward buildup towards 7025 which indicates a up move from the support of 7025.
Short term target of 7250 in 5 to 8 days.
Maruti Swing Long TradeMaruti now seems to in a mode of reversal and have strong support around 7150. So one can Initiate Long trade around 7320 with stoploss of 7150 for target of 7570 and 7660 in next few weeks
Disclaimer: Views are only for educational purpose. It is no recommendation for Buy, Sell or hold any stocks or indices
Maruti Swing Long CallMaruti is showing strength after hitting it support at lower levels. One can go Long/Buy above 7625 with stoploss of 7470 for target of 7900. If it closes above 7900 then it can move to levels of 8200 in next few weeks
Disclaimer: These are educational views and no recommendation to Buy, Sell or Hold any script or Index
Maruti Bullish OutlookMaruti right now consolidating between 7250 and 7550 zone in short term . Any break of his level will set its direction for next month series. Close above 7550 will take maruti towards 7900 levels in dec series. On downside it has strong support around 7250 and 7050. At present it is highly unlikely it will trade below 7050. One can go long at present around 7430 for tgt of 7900 in dec series. To hedge this position buy 7100 put(dec) around 115.
Disclaimer: Views shared are only for educational purpose. It is no recommendation to Buy, Sell Or Hold any script/index
MARUTI - SHORT TERM, MEDIUM TERM AND LONG TERM ANALYSISPLAN FOR MARUTI
1. SELL FOR A TARGET OF 7020 AND A STOPLOSS OF 7540
2. WHEN THE PRICE REACHES 7020, BUY WITH A STOPLOSS OF 6960 AND A TARGET OF 7600
3. SELL AGAIN WHEN THE PRICE REACHES 7600 WITH A SL OF 7800 AND A TARGET OF 6500
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
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