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.
Nota
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.