MARUTI trade ideas
MARUTI SYMMETRICAL PATTERNHello
Welcome to this analysis about MARUTI , we are looking at daily timeframe perspectives. MARUTI in recent times heavily decreased with bearishness however it now moved into an oversold condition. MARUTI is developing here that will be a decisive factor in the upcoming times. I discovered the main formation MARUTI is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how MARUTI has emerged with this key MARUTI SYMMETRICAL PATTERN marked in my chart with the black boundaries. MARUTI is near support region which is an important support and also psychological support-mark together with the lower-boundary of the MARUTI SYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about MARUTI and its major MARUTI SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Maruti on daily time frame- SellMaruti has given a clear breakdown from 7 months symmetrical triangle pattern. Please see below data sets:
1. Breakdown is confirmed after pullback and large red candle.
2. RSI and MACD are falling continously, which is a good indication.
3. Price could not sustain above 20, 50, 100, 200 EMA.
4. ADX has started rising.
5. Price has also broken Fib retracement important level which is 0.618%.
Note- This is for educational purposes, please consult your financial advisor before trading.
MARUTI SUZUKI INDIA LTD 4HRConfluence of Daily & 4HR BULLISH Bat LEVEL STRONG POTENTIAL REVERSAL ZONE
VERTICAL DOTTED LINE is Ultra high volume down bar
Higher volume-Professionals are buying into the public selling..second vertical dotted line candle closing at high shows prices rejection to lower levels & after that can Narrow spreads candles shows bullish
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
MARUTI SUZUKI INDIA LTD 15MIN Bullish Deep Crab for scalping
Vertical dotted line is Bottom Reversal -it’s a two bar Sign Of Strength.
First bar is widespread down bar closing on or off the low with high volume or low volume
Second bar is widespread up bar closing on oroff the high on higher or lower volume than the first bar
AS second bar close & high are higher than the first bar high and volume on second bar is higher than the first bar volume, it shows effort to rise is successful It shows immediate strength --Effort vs Result & can be traded immediately on first
No Supply or Test.
Buy