Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Dear Trader,
As Per Technical Analysis NSE:MARUTI will Face Upside Resistance Near 12750 if breaks then we can see 13100-13300 This level at Upside. but if Breaks Support of 12440 Then might it will test 11900 Level.
Buying MARUTI 12500 PE near 220, SL 180, Target 300,340
This message is for informational purposes only and should not be considered financial...
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This is an...
1) The stock is breaking out of a 6 year old consolidation zone in yearly time frame.
2) The stock is reversing from a Fib 61.8% in yearly time frame.
3) The stock is breaking it's previous swing high.
4) The stock is above to form a strong 3 Month breakout if March closes strong.
The stock structure looks strong, one may accumulate in dips for a long term...
i think Maruti has reached to this swing high. It may go up further a few points, but i feel we should book the profit now and wait for the retracements before entering again.
Maruti after crossing its all time high it has taken support near its all time. again buying comes near 10000 level. it may be a gud buy near this price range.
SL will be very low.
SL 9832
5 yrs cup break out in this stock also respecting its support\
perfect example of support and resistance.
I have go the 14450 as the next major target level from the Fibonacci level. Current major resistance of all time high is broken. By looking at height of the fibonacci level, I can say that price may move aggressively.
For educational purpose only. No recommendation.
There is a very strong and a capable demand formed, as per the Weekly chart and in order to reach this Weekly Demand Price has to come down, hence considering the Weekly Supply as a Source for the Temporary downtrend, we have Price reacting to the Weekly Supply
Price has closed below the Moving average which confirms selling pressure risen and we have a...
