Maruti Suzuki, Adani Ports & Adani Enterprises: Quick Flips or Long-Term Holds?

Published 16-12-2024, 08:22 am

Hey traders, did you catch my pre-market YouTube videos last week? This is as I dove deep into numerous stocks, such as Infosys (NS:INFY), Asian Paints (NS:ASPN), and Adani Enterprises (NS:ADEL), to name a few. Moreover, I analysed the Nifty & Sensex expiries while sharing my trading plan. And the results? Pure profit! This is as the analysis worked perfectly. Even on Friday, when the markets had sharp volatility, the analysis was spot on. Thus, if you haven’t hit that notification bell yet, do it now! You do not want to miss the upcoming analysis on stocks and indexes.

Now, let’s buckle down and talk about Maruti Suzuki (NS:MRTI). I will dissect its chart and outline my trading strategy in the article. However, for the real treat, head over to the video below. There, I dive deep into the price action analysis of Adani Ports and Adani Enterprises. I also shared my equity and options trading strategy for both.

Now Maruti Suzuki is an equity I have covered recently on my channel. In my prior analysis, I had said that I expected the stock to trade in a box range between 10,900 and 11,540. This was correct, as the recent price movements have aligned with this forecast. Moreover, it has allowed equity investors to give the stock a wide berth. While option sellers who traded with my plan will be laughing all the way to the bank.

So, what’s next for Maruti Suzuki? Now the stock has been on a rollercoaster ride lately, as over the past few weeks it has plummeted from 13,680 to 10,750. This sideways movement thus signals the stock’s indecision—whether to rise or fall. But here’s where it gets interesting. I believe Maruti is about to pull a fast one with a short-term upswing, which is perfect for those looking for a quick in and out. Think of it like this: the upswing will be a rapid burst, then it will once again go sideways, followed by the stock resuming the downtrend.

Now, the big question: how high will this short-term joyride go? Buckle up, because I believe the stock is about 90% ready for its move. Thus, if it breaks the 11,400 mark, then there is a high chance that it will climb to 11,650. Moreover, if that resistance breaks, then 12,050-12,200 is on the horizon. But this, my friends, is likely the peak. After that, expect another sideways move followed by a potential downturn.

So, how am I playing this? Well, I’ve already got option sells in place, which I shared in my previous video. This is as in the video I shared that I am selling the range, as the sideways move would only benefit option sellers. That means I sold CEs (calls) above 11,540 and PEs (puts) below 10,900. So now I will be booking the CE sell-side to lock in those profits. However, I will be keeping the PE sell side open with a profit-stop to protect the gains made so far.

But wait, there’s more! If Maruti breaks above 11,400, then I plan to jump into the equity game with a personal target of 11,650 and 12,050. Additionally, if we break that 11,400 mark, I will be increasing my PE sell position. However, this plan hinges on the stock staying above 10,900 and breaking 11,400. This is as if it breaks the support level at 10,900; then it is time to switch gears and short the stock. Also, for confirmation, I will look at the volume buildup indicator, as that will tell if the bulls are back in charge, albeit temporarily.

In conclusion, Maruti Suzuki has definitely taken a beating this year. But now the charts are whispering sweet nothings in my ears. This is as they tell the tale of a potential short-term turnaround. This will give a quick in-and-out trade if the pattern plays out as expected. Nevertheless, if I do enter the above trade, then I will update on it in one of my YouTube videos this week. So stay tuned.

Lastly, do not forget to watch the analysis for Adani Ports and Adani Enterprises. Those two stocks are brewing with money-making opportunities for equity and option traders. Hence, you wouldn’t want to miss out on that, would you?

Youtube video link to the analysis of Maruti Suzuki, Adani Ports and Adani Enterprises - https://youtu.be/5DgU2ixXUDI

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.