MARUTI LEVELS...D CANDLE 24.08.2022MARUTI now in forming bearish pattern and breaks neck line also, so expect down trend in short term and keep SL strictly
MARUTI trade ideas
MARUTI failing to break above 9000Maruti failed to break 9000. If it fails to hold the trendline, we might see some freefall till 8000 and further beyond
Maruti BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Weekly Traingle Formation in MarutiCheck out NSE:MARUTI in Weekly Formation
Maruti is breaking out. Momentum is come after 9050
MARUTI Buy for intraday tradingMARUTI Buy for intraday trading if stock break the given resistence level then we will enter in trade.........
MARUTI on UPTREND ++ Positive Results ++ Volume & OI GainingScript: MARUTI
Nifty50 Stock: YES
Sector: AUTO
Results: Published on 27th July. Very Positive Result. Q1 EBITDA RUPEES 19B VS 8.21B (YOY). Q1 NET Profit Rupees 10.1B vs 4.4B(YOY). Profit more than doubles, revenue hits 51% higher
NOTE: Ignore parallel channel! :-)
MARUTI has posted a good Q1 result which should trigger breakout. It's started showing strength and gaining momentum now!
As per OI, 9000 is a major resistance for July & Aug expiry. Call writing been seen at 8800 & 8700 for Aug. 8500 is a major support now for this and next expiry. It seems though that a number of call writers are stuck at 8600! If it sustains at this range (8650 or above) or crosses 8700 then we could see decent short covering rally soon.
It's above 50 & 200 EMA (there was a decent bounce from 200 EMA).
As per chart, strong Breakout could be seen above 9000 And sustaining above 9000-9100 will open up higher levels. ie 9500, 9700 & 10000. Supply Zone will be 8300-8380 on a lower side- Will be buying opportunity!
1st entry should only be above 8700 and 2nd should be above 9000 (on re-test).
CAUTION - TIP of the DAY : For F&O..It's better to enter in long when RSI is above 60 or enter in short when it's below 40. Also keep an eye on OI (open interest) and Volume. Higher is better. If there is not much volume or OI keeps decreasing then better to stay away and wait for them to go up before entering. FYI- For indexes, probability will be higher if you enter when RSI is above 60 or below 40, volume above 50k(for Nifty) or 125 (for Bank Nifty) and OI is at or above 2M.
FYI - MARUTI's RSI is about to cross 60 on daily chart. OI decreased significantly for July (due to call writers covering their positions) and increased (due to longs been added heavily for Aug expiry). I can see huge volume for both expiries in last one hour of closing (on 27th July), expecting to gap up or keep moving higher up from 29th July.
Next on a list is TATA MOTORS - also looking good!
*** For F&O - Always hedge your position or keep SL in the system *** Play Safe! Protect your Capital! ***
Maruti ShortMaruti has taken long term resistance is not able to breach it. It should retest the support once more. This is an idea and not trading recommendation. DYOR
Maruti at demand zone.Maruti setup
Maruti trading at Demand zone, can break and move upside or fall from here. levels marked on chart.
-Saptarish_Trading
NIFTY AUTOI See a sell-off coming in auto stocks. Be careful and watch out before taking any long positions. All the best.
MARUTI SUZUKITiangle pattern formed
ENTRY: Rs 8267.00
STOP LOSS : Rs 7636.20
TARGET : Rs 10146.95
RR: 1:3
MARUTIHello & Welcome to this analysis
Maruti has activated a Bullish Harmonic 5-0 Pattern suggesting upside till 8500-8600 with strong support now at 7800.
Harmonic 5-0 Patterns are not found so frequently and their success ratio is quite high.
Happy Investing
MARUTI SUZUKI IND (BUY)Renewed activity of this action with a big green candle, the RSI and the trendline will support us in the long term.
MARUTICan go long on this stock if bull run starts this stock will go upto Rs.9500 minimum
Strong resistance broken at daily time frame.
MARUTI - A strong conviction, Buy on Dips chart structureWHY?
- A meaningful INHS breakout on the monthly chart (Black-line) is sustaining for a long period now, confirming strong medium-term bullishness.
- On the weekly chart Price is protected by a trendline (Green), Below which it only traded in RUSSIA - UKRAINE crisis and still closed above that
- The NSE auto index (CNXAUTO) is also showing medium-term bullishness which will act as sentimental support
- Resistance on the above side (Red) is tested multiple times and the chart can break out at any time in the next few months.
- So keep adding MARUTI near to its weekly support line
Happy Investing
Maruti suzuki chart pattern Though market was climbing higher maruti not able to break its all time high.In auto sector it is one of the underperforming to average stock which didn't participate the bull rally .If market decline further it may slide to 6700-4800 level.
Maruti chart analysis 12/5/22 0nwardsMaruti below 7380
Sup 1) 7340
Sup 2)7190
Above 7433
Upside 1)7483
2)7716
Views for education purpose.
Any trade in consultation with fin.advisor.
Investigate MarutiSomething seems to be happening in Maruti. One must certainly track Maruti amongst all the negative news about EV delay etc.
Disclaimer: Pls do not believe any stock recommendation of any social media including this post - pls do you own investigation before you trust my or any other such post.
MARUTI FORMING THE ROUND BOTTOM Here is the chart of MARUTI on Monthly time frame. We can see that it is slowly moving towards the target from where it started to drop through the "Round Bottom" pattern. If you see it on Daily Timeframe, it shows "W" pattern formation. Breaking out and sustaining above this levels can shows us good days for MARUTI in future.
Maruti projectionsMaruti imp.support 7534.can reach joto 7890.@ 12 to 14 april.in case of unforeseen events time frame and Target could vary.views for study purpose.
