Marutisuzuki
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!
Shift from Maruti to Tata Motors# on 28th July 2021, poor result with just 5% margin. Almost 3-4 year low margin
# volume sustaining based on low price of products. It seems the rise in price will lead to further loss in market share.
# small cars sales affected due to slowdown in rural economy and it's SUV market share is low
# on 29th July very strong day for Nifty which was up 100 points while the stock is down > 2% . Distribution going on. Tata Motors up strongly 3% which suggest the beginning of portfolio shift towards tata motors and away from maruti.
# huge speculative component of over 1 lakh crores which gives ample room for correction in stock price.
# lack of electric vehicle and even diesel portfolio is expected to hurt the company further.
# The stock seems to be heading towards 6400 in next few days.
# Tata Motors seems to be firing from all cyliders. Massive investments of last 4 years is expected to bear fruit in next 2-3 years.
Maruti Prediction (Weekly)Hi Traders,
Price Reach Previous Supply Zone
Expect Consolidation if Market Support to green
Some correction On 7362 Level then move to Up
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
Thanks & regards
Sakthi
Any Query Comment
Maruti Suzuki on a long Run🤑🎯🏃🙆1• In my last week's analysis I had told that Maruti Suzuki is moving in a triangular shaped pattern, and if it breaks it there's no stopping it.
2• As I forecasted last week was great for Maruti Suzuki locking 2.5% profit on it .
3•. For those who have missed this entry have another entry shaping up nicely for the week ahead.
4• Be patient let the market show you confirmation and then enter the trade.
Have A great week ahead🎯🤑
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Maruti Suzuki moving in Triangle• As you can Maruti Suzuki is moving in a triangular pattern.
• If the pattern brokes up correctively the resistance of triangle then it's is a good opportunity for buy.
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*Also are you looking for a buy on Maruti Suzuki? Do tell in comment section your view.*
MARUTI ::: BULLISH :::DATE: 04 JUNE 2021
INSTRUMENT: MARUTI
TREND: BUY
TIME FRAME: DAY
CMP: 7214.70
BUY ABOVE: 7230
STOP LOSS: 6909
TGT 01: 7653
TGT 02: 8307
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MARUTI : Head & Shoulder Trend Rejection.Positive Bais: Maruti has formed a clever Head & Shoulder pattern despite of that the current trend is in fast pace of Fib retracement of 0.38. I'm bullish for a long run if it susained above @6855 level.
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Points to be Note (Technical + Fundamental)
1. Head & Shoulder pattern formation.\
2. Anticipated rejection at level 7060 due to increased in sales.
3. Sales soars, Decreased in profits no issues why? Cash folow has been increased in investing activies, Reserves has been increased by impressive numbers.
4. Seconday trend retracment are not below 0.38 fib which indicates bullish secondary trend is in fast Higher-Highs.
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Le me know in comment section what's your views on this? NSE:MARUTI
MARUTI Maruti, Impulse Begins...!
All key levels are mentioned in chart with Stop-loss and Targets, Little Resistance near 6800
But Targets are More.
Corrective waves may be Completed and Impulse Begins...!
RSI BREAKOUT
FALLING WEDGE
RSI BULLISH DIVERGENCE
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing