MARUTI SUZUKI LTD-A TECHNICAL VIEW---24-8-2019

 MARUTI SUZUKI LTD

Open-6160—High-6279.60---Low—6040---Close—6254.35 on 23.8.2019

Support: 6233/6174/6155/5974/5955/5800/5710/5642/5590/5446.                                                                                                                

Resistance: -6298.50/6322/6359/6450/6480/6500.

Broad Range as of now:-5446—6350---6500.

Short Range:--5750---5900---6350

         It is technically weak and the trend is down but right now it is in pull back mode and it may further move up from here but it is near the upper band of the short range and not very far from the upper band of the broad range. This pull back rally may exhaust in the range 6350—6500 or earlier, but if it moves above 6500 and sustain then it can rise very smartly, but as of now it looks less likely. The pull back rallies are treacherous in nature and can fizzle out abruptly so long trader should be very alert and careful in their trade commitments; however those traders who wish to take advantage of this rally can take long position on decline and are advised to structure their trade with the help of the range and support and resistance levels mentioned above with proper stop losses. Please note that long trade should be completely avoided below 6000. You can off course try the long trade near the major bottom of 5450—446 with a stop loss of below 5390. 

Remark: - The trend is down but it is in pullback mode and this may last for some time but the price is near the strong resistance area, therefore for safe trader long trade should not be tried at this juncture. However aggressive trader can try long call on decline as suggested above. It still seems that long term bottom is yet to be made; so long term investor should have some patience before putting in fresh money.      

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favourable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit  trade.

TRADING CALLS FOR 23-1-2017

TRADING CALLS

1. ACC.

Sell below -1319, S/L-1328, Target-1314/1298/1278/1269.

2. ADANI PORT.

Sell below -282.60, S/L-284.40, Target-275/263/258.

3. APOLLO HOSPITAL.

Sell below -1150, S/L-1157, Target-1142/1130/1111/1079.

4. AUROBINDO PHARMA.

Sell below -695, S/L-700, Target-680/678/667/645.

5. AXIS BANK.

Sell below -448, S/L-451, Target-441/427/424.

6. BANK OF BARODA.

Sell below -153.55, S/L-155, Target-151.25/150.10/146.70. 

7. CAIRN (I).

Sell below -260.40, S/L-262.80, Target-255/252/247. 

8. CASTROL.

Sell below -391, S/L-393.50, Target-385/382/370.     

9. CIPLA.

Sell below -573.35, S/L-578, Target-567/559/548/528.  

10. DLF.

Sell below -127.70, S/L-128.90, Target-125.10/122.40/119.05. 

11. HERO MOTOR CORP.

Sell below -3044, S/L-3051, Target-319/2975/2962/2958.

12. ICICI BANK.

Sell below -262.55, S/L-264, Target-258.40/256/253/251/248. 

13. L&T.

Sell below -1411, S/L-1416, Target-1402/1376/1349.

14. LIC HOUSING FINANCE.

Sell below -515, S/L-518, Target-509/495/483.

15. MAHINDRA & MAHINDRA.

Sell below -1187, S/L-1193, Target-1169/1153/1141.

16. MARUTI.

Sell below -5660, S/L-5675, Target-5642/5597/5525.

17. TATA MOTORS.

Sell below -521, S/L-524, Target-517/507/501/492.

 Note: Price stated here is of spot market.

                                 

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

  

                     

                   

                              

                                         

                                     

                                        

                                         

                                   

                                        

TRADING CALLS FOR 16-1-2017

TRADING CALLS

1. APOLLO HOSPITAL.

Sell below -1185, S/L-1190, Target-1172/1150/1142/1130.

2. AXIS BANK.

Buy above -475.20, S/L-472, Target-480.70/182.55/498. 

3. BAJAJ AUTO.

Sell below -2707, S/L-2715, Target-2691/2686/2658/2628.                                            

4. BHARAT ELECTRONIC.

Sell below -1525, S/L-1530, Target-1518/1490/1463.

     

5. CAIRN INDIA.

Sell below -262.85, S/L-264.25, Target-261/259/255/252.

                                  

6. DIVIS LAB.

Buy above-747, S/L-743, Target-767/775.   

7. DR.REDDYS LAB.

Sell below -2975, S/L-2980, Target-2960/2951/2943/2925.

     

8. HINDALCO.

Sell below -172, S/L-174, Target-167.50/166/158.

                                        

9. INFOSYS.

Sell below-969, S/L-976, Target-958/955/932.

10. MARUTI

Sell below -5683, S/L-5700, Target-5641/5597/5525.

11. MOTHERSON SUMI

Sell below -324.70, S/L-327, Target-319/315.55/312/304.50.

12. NMDC.

Buy above-144, S/L-142, Target-146.50/149/152.

                              

                       

13. TCS.

Sell below -2237, S/L-2250, Target-2202/2163/2145.

     

 14. YES BANK.

Sell below -1307, S/L-1319, Target-1299/1273/1247/1225.   

or

 Sell near but not above 1334, S/L-1345, Target-1318/1307/1299/1273.                             

                            

                          

                          Note: Price stated here is of spot market.

                                  

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

DAY TRADING CALLS FOR 13-6-2016

TRADING CALLS

1.  ACC.

Buy above -1564, S/L-1558, Target-1590/1604/1626.

2.  AMBUJA CEMENTS.

Buy above -236, S/L-234, Target-240/254.

3. APOLLO HOSPITAL.

Sell below -1340, S/L-1350, Target-1322/1311/1290.

4. AUROBINDO PHARMA.

Sell below -736, S/L-744, Target-720/712/708/696.

5. ASIAN PAINTS

Sell below -989, S/L-995, Target-978/962/941.

6. AXIS BANK.

Sell below-538, S/L-542, Target-530/526/518.

7. COAL INDIA.

Sell below-306, S/L-307.50, Target-304/296/287.

8. ICICI BANK.

Sell below -251.50, S/L-253.50, Target-244/242/237.60.

  

9. MARUTI SUZUKI.

Sell below-4100, S/L-4115, Target-4054/4027/4000.

10. S.B.I.

 Sell below-205, S/L-206.50, Target-202/198.50/195.

11. TATA MOTORS.

Sell below -454.50, S/L-457.50, Target-450/444/432.

12. TATA STEEL.

Sell below-332, S/L-335, Target-330/326/321/311.

                                     

13. TCS.

Sell below-2553, S/L-2560, Target-2500/2460.

                                        

 NOTE: - DAY TRADING CALL DOES NOT INDICATE OVERALL TREND OF THE STOCK

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

TRADING CALLS FOR 11-4-2016

TRADING CALLS

1.  ABB.

Buy above -1350, S/L-1340, Target-1408/1420/1445.

2. AMBUJA CEMENTS.

Sell below -223, S/L-225.80, Target-221/216.

3. ASIAN PAINTS

Sell below -849, S/L-855, Target-841/829/826.

4. AXIS BANK.

Sell below-419.80, S/L-422, Target-411/407.50/400.

5. BAJAJ AUTO.

Buy above -2405, S/L-2390, Target-2425/2455/2477.

6. BANK OF BARODA.

Sell below-141.60, S/L-143.50, Target-137.20/133/126.70.

7. CAIRN INDIA.

 Buy above-150, S/L-148, Target-157/163/168.

8. GAIL.

 Buy above-350, S/L-347, Target-356.40/359.50/268.40.

9. GLENMARK PHARMA.

Sell below-762, S/L-767, Target-761/745/727/715.

  

10. ICICI BANK.

Sell below -219, S/L-221.50, Target-212/210/206/200.50.

11. MARUTI SUZUKI.

Sell below -3418, S/L-3432, Target-3386/3360/3320.

  

12. TATA MOTORS.

Sell below -369, S/L-372, Target-361.50/253.30/345.

13. TCS.

Sell below -2427, S/L-2435, Target-2390/2360/2343.

                                       

14. TECH MAHINDRA.

 Buy above-458, S/L-454, Target-470/475/483.

 

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

TRADING CALLS FOR 1-3-2016

TRADING CALLS

1.  ADANI PORT.

Sell below -195.45, S/L-197, Target-193.75/184/182/169..

2. AXIS BANK.

Sell below -373.30, S/L-376, Target-369/366.75/361/350.

3. ASIAN PAINTS.

Sell below -841, S/L-847, Target-829/826/784/778.

4. BHARTI AIRTEL.

Sell below-313, S/L-316, Target-308.60/304.45/291.

5. BHARTI INFRATEL.

Sell below-353.70, S/L-357, Target-349/345/341/319.

6. CANARA BANK.

Sell below -156, S/L-158.50, Target-154/146/143/136.45.

7. JET AIRWAYS.

 Sell below-489, S/L-493, Target-477.70/471/453.

   

8. L&T.

Sell below-1076,S/L-1083, Target-1069/1016/965.

9. MAHINDRA & MAHINDRA.

Sell below-1224 S/L-1230, Target-1194/1185/1161.

10. MARUTI SUZUKI.

Sell below -3235, S/L-3250, Target-3193/2902/2856/2760.

                                         Or

Sell near -3320 but not above this,S/L-3335,Target-3299/3248/3193/2902.

11. ONGC.

 Sell below-192.50, S/L-194.50, Target-187.25/175/168.

   

12. STRIDE SHASUN.

Sell below-871, S/L-876, Target-850/843/835/821.

13. WOCKHARDT.

Sell below-760, S/L-766, Target-730/714/705.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade