It looks like Maruti is about to start Wave-V of the Elliot Wave (1hr candles)
It is worth trying a long position because the SL can be just a few points below May 30th low 8572... say 8560.
If it dips below that then the Wave structure visualised in the chart is not valid and has to be adjusted.
Even those who trade in futures are risking only about Rs2000-2500 per lot since the lot size is 75.
Basically I am quite sure that Maruti will go up in the June contract.
It is worth trying a long position because the SL can be just a few points below May 30th low 8572... say 8560.
If it dips below that then the Wave structure visualised in the chart is not valid and has to be adjusted.
Even those who trade in futures are risking only about Rs2000-2500 per lot since the lot size is 75.
Basically I am quite sure that Maruti will go up in the June contract.
코멘트:
Do not trade Maruti today
액티브 트레이드:
Long @ 8583 SL 8550 June contract... risky but very tight SL so max loss of about 2300 per lot... targets to be decided
코멘트:
Looks like this was a good entry. Trailing SL so no loss if it falls. Hoping for 8740 (June futures)... lets see
매매 수동청산:
Closed @8616 (June futures)... today I am trading for small movements with multiple lots
코멘트:
8619 was the 5 minute Kijun Sen line... closed because price could not break this resistance
액티브 트레이드:
Went long on June contract towards close of market yesterday. Trade active. Hoping for 8871 which is the 50 MA (futures June price)
매매 수동청산:
Closed @8826 (futures price). Shall re-enter from lower levels. About 225 points per lot profit...
거래청산: 타겟 닿음:
Bottom of Target range reached.
코멘트:
Target 2 reached
코멘트:
Long again in Maruti futures
액티브 트레이드:
Position open
매매 수동청산:
Closed @ 8930 (futures price).
Maruti has now hit the 38.2% Fib retracement of the drop from December to end May. It may correct a bit or consolidate. But the trend is up. Levels I am expecting eventually are: 9000/90150/9345 (futures prices)
Maruti has now hit the 38.2% Fib retracement of the drop from December to end May. It may correct a bit or consolidate. But the trend is up. Levels I am expecting eventually are: 9000/90150/9345 (futures prices)
코멘트:
Top of Target Range-1 reached
액티브 트레이드:
Went long again on June 8th. Still holding.
매매 수동청산:
Closed yesterday. Expecting a bounce from about 8873...
코멘트:
This is perhaps a good time to go long on Maruti. SL below 8850.
코멘트:
Immediate target reached: 8999 in futures market
코멘트:
Refer to the new chart as well:
