Maruti weekly chart. - Symmetrical triangle breakout is seen. - Now needs to cross horizontal resistance on a weekly closing basis of 8325 levels. - On crossing may proceed towards ATH levels. *Only for educational purposes, not a buy/sell recommendation.
If you take a good look at weekly chart of NSE:MARUTI , you can find multiple bullish patterns and yesterday's 7% move with good volumes might mean that a new bull run can be seen in it. You can find head and shoulders, W (double bottom) and cup and handle. You can't possibly get a more bullish technical setup than this.
My analysis of Nifty, Banknifty and the top stocks.
We have seen a remarkable move in the auto stocks, while Maruti is lagging behind. Still, it does not look promising on the chart, the stock is not able to move above 8000 levels. There is a possibility that it might move in the range for a while. Weakness may come below 7000. Fresh Buying can only be seen above 8000 levels.
Maruti gearing up to move upwards. As you cab see this is a long term analysis via weekly chart. Stock has formed an inverted Head and shoulders patterns. breaking out from this can lead to previous highs of 10k+ Follow idea to get new breakout levels and stay updated!!
NSE:MARUTI is showing some signs of weakness for the last 2 days. It has again taken a support at 6750 levels.
MARUTI cup and handle pattern breakout with volume Expecting a bullish movement.
Maruti Chart Update Looks Bullish We can enter for Long side with small SL and target of 7200
Should probably reverse from here 1. Convergence with RSI 2. Pin bar formation at DD zone.l 3. Watch the RSI movement from the same position Historically.
The indices saw a choppy session ahead of the Thursday expiry. Midcaps and smallcaps continue to take a beating, but large caps seem to have held their ground well. Reliance tends to hold strong when the broad market is facing selling pressure, hence clearing the 2100 psych level. Where do you think the #stockmarket is heading? Important Nifty levels and...
Can take now for better RR Conservative traders can take after BO on DCB Target is purely based on PA
MARUTI Looks overall bullish and following the trendline perfectly. MARUTI is holding the above trendline from May 2021. Today, it retouched the trendline and bounced back hard. Above 7350, It can reach to 7650 quickly and easily. The risk level is 7150. One can enter the trade today at 7190 with Target= 7650 and Stop Loss= 7150 for almost 400 points with risk...
Inverted HNS on Maruti is created on daily however I feel there would be some struggle till 7909 (Futures) is crossed and sustained then an entry should be taken. Simple price action, no jazz!
Maruti If wave 3 extends to 1.618 levels of wave 1, then the next level of Maruti is at 8465, next move above 7698 will confirms that next higher move or impulse has been started. Elliot waves Macd in daily positive Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
It looks like it is at resistance area @7500 If it hold above 7500 for 3 days with volume then only it could see move till 8700. or it will test 7200/7000 Which can be the best area to enter. It is also formation investion head and shoulder . which could give 9000 target in year . It is in Weekly up trend but this stock is underperforming Index in last 50...