Maruti Suzuki is currently forming a bullish structure after breaking out from a key downward trendline. This trendline breakout, marked on the chart as “TrendLine Breakout Entry”, acts as a critical inflection point and confirms buyer interest returning near support levels.
Price is now testing the upward support trendline, and as long as it holds above the key zone of ₹12,594, the setup remains bullish.
Scenario 1: Bullish Continuation
If price sustains above the support and reclaims ₹12,732.15, it opens room for the following targets:
Target 1: ₹12,800.00
Target 2: ₹12,915.20
Target 3: ₹13,050.00
Monthly Target: ₹13,299.85
A clean move above ₹13,086 will confirm strong bullish momentum and may trigger larger positional moves toward the yellow resistance zone above ₹13,500+.
Scenario 2: Breakdown Invalidates Setup
If the price breaks below ₹12,594, and further below the next minor support at ₹12,551.40, bearish pressure could pull the price down to:
₹12,425.25
₹12,269.15
Final Support: ₹12,016.80
Trade Plan:
Entry Zone (on pullback or breakout): ₹12,594 – ₹12,732
Stop Loss: Below ₹12,551
Targets: ₹12,800 → ₹12,915 → ₹13,050 → ₹13,299
Risk-Reward: Favorable if entry is near trendline or on breakout with volume confirmation.
This trade idea is supported by both technical trendline breakout and fundamental optimism in the auto sector recovery and Maruti’s strong sales momentum. Keep watch on volume spikes and breakout candle confirmation.
Disclaimer:
This analysis is for educational purposes only. Please use your own risk management and consult your financial advisor before taking any entry or exit.
Price is now testing the upward support trendline, and as long as it holds above the key zone of ₹12,594, the setup remains bullish.
Scenario 1: Bullish Continuation
If price sustains above the support and reclaims ₹12,732.15, it opens room for the following targets:
Target 1: ₹12,800.00
Target 2: ₹12,915.20
Target 3: ₹13,050.00
Monthly Target: ₹13,299.85
A clean move above ₹13,086 will confirm strong bullish momentum and may trigger larger positional moves toward the yellow resistance zone above ₹13,500+.
Scenario 2: Breakdown Invalidates Setup
If the price breaks below ₹12,594, and further below the next minor support at ₹12,551.40, bearish pressure could pull the price down to:
₹12,425.25
₹12,269.15
Final Support: ₹12,016.80
Trade Plan:
Entry Zone (on pullback or breakout): ₹12,594 – ₹12,732
Stop Loss: Below ₹12,551
Targets: ₹12,800 → ₹12,915 → ₹13,050 → ₹13,299
Risk-Reward: Favorable if entry is near trendline or on breakout with volume confirmation.
This trade idea is supported by both technical trendline breakout and fundamental optimism in the auto sector recovery and Maruti’s strong sales momentum. Keep watch on volume spikes and breakout candle confirmation.
Disclaimer:
This analysis is for educational purposes only. Please use your own risk management and consult your financial advisor before taking any entry or exit.
注释
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。