Maruti - Start of Wave-V ?
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.
Uwaga
Do not trade Maruti todayZlecenie aktywne
Long @ 8583 SL 8550 June contract... risky but very tight SL so max loss of about 2300 per lot... targets to be decidedUwaga
Looks like this was a good entry. Trailing SL so no loss if it falls. Hoping for 8740 (June futures)... lets seeZlecenie zamknięto ręcznie
Closed @8616 (June futures)... today I am trading for small movements with multiple lotsUwaga
8619 was the 5 minute Kijun Sen line... closed because price could not break this resistanceZlecenie aktywne
Went long on June contract towards close of market yesterday. Trade active. Hoping for 8871 which is the 50 MA (futures June price)Zlecenie zamknięto ręcznie
Closed @8826 (futures price). Shall re-enter from lower levels. About 225 points per lot profit...Transakcja zamknięta: osiągnięto wyznaczony cel
Bottom of Target range reached.Uwaga
Target 2 reachedUwaga
Long again in Maruti futuresZlecenie aktywne
Position openZlecenie zamknięto ręcznie
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)
Uwaga
Top of Target Range-1 reachedZlecenie aktywne
Went long again on June 8th. Still holding.Zlecenie zamknięto ręcznie
Closed yesterday. Expecting a bounce from about 8873...Uwaga
This is perhaps a good time to go long on Maruti. SL below 8850.Uwaga
Immediate target reached: 8999 in futures marketUwaga
Refer to the new chart as well:
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.