MARUTI trade ideas
MARUTI has to come to 7300Maruti short
cmp : 7550
SL : 7650
Target : 7300-7250
Duration : 8-10 days
R:R
1:3 approx
My study says Maruti has to move down towards 7300.
gap down possibility like ITC
BUYDAILY FINANCIAL WISDOM: The search for the perfect trading system is one of the key sources of losing money...
MARUTI BuyMARUTI has been in sustained uptrend and any consolidation has been a great buying opportunity.
It has just finished a consolidation phase and looks set for another leg up.
The auto sector in general has witnessed some consolidation after a very strong trend.
APOLLOTYRE also looking very good for short term but MARUTI has lower volatility
$MARUTI gone mad hits major resistance$MARUTI gone mad hits major resistance. LT fib Ext 2.6 and parallel channels . calls for a spec short here
Maruti trading ideaMaruti has been trending up with a good motive and corrective wave pattern. Time wise and pattern wise the decline from recent high of 7480 appears corrective. Hence we expect maruti to again move up above 7480. As per fib and channel support comes at around 7235-7200 levels. stop loss should be at 7085, one can target 7600 levels
Maruti Ready for Breakout ?Apr 12 closing price decides the trend, May test 6400 in short term, If apr 12 close is below apr 11 closing price, then look for 5900
Bullish AB= CD Pattern in making Maruti will correct to 5663 or deeper as per AB = CD pattern .
Buy above 5680 when it is bouncing . We can short now for 100+ points target in the coming days
Maruti Short below 5940 for 5902 with Stop of 5975Maruti Short below 5940 for 5902 with Stop of 5975
Raising caution flag on Maruti Suzuki.Company reported strong results for this quarter but stock failed to rally further & witnessed selling pressure at higher levels one should short once the trend line breaks.
There is also spinning top formation on daily chart with increased volume which suggests reversal may be on the cards.
Maruti Made New HIGHS - Trending up (5200 Next)Today, it was totally a buyers show as it was in Bajaj Auto (attested below). Buyers actively took the prices up and above from previous resistance level of 5015 and now it shall move further up and reach to 5200 levels before the profit booking takes place. It is a good time to enter with stoploss at 4920.
LONG Maruti Breaks out to NEW HIGHSAfter a long rectangle consolidation, the buyers have taken control and made a new high in prices. I believe it shall go higher as a new wave.
Maruti - Doji with Bearish Divergence (Sell)I have observed three doji candlesticks, that denotes consolidation or distribution, where previous buyers book profit or distribute their shares. It is at the level of selling or resistance. I believe it is a good time to short it now at minimum risk size and also at this point where Nifty is also looking bearish.
Further 3 points noted:
1. Doji formation with bearish divergence
2. Shrinking of volume levels with increasing prices, signals trend change, for this one, a bearish signal.
3. Double Top with bearish divergence.
Above points make me think that it is a good sell, with a stoploss of 4238 (1.28%) and target of 3922 (6%)
MARUTI - LONG TERM is going to Go DOWNNNNMARUTI - LONG TERM is going to Go DOWNNNN - It should break the 3900 Mark
