Bullish divergence on RSI in Maruti
Stock is trading near very important support area. Stock also offers a great Risk to Reward on upside.Only problem stock is currently trading below 200 ema. We can see a great upside after price close above 200 ema.
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Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
Thank you for supporting me.
#cutyourloserholdyourwinners
.......................................
Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
Thank you for supporting me.
#cutyourloserholdyourwinners
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