Maruti Moves Steadily Higher Within a Structured Bullish Channel
Topic Statement:
Maruti is on a moderate bullish run, trading within a defined uptrending channel and supported by key price levels.
Key Points:
* The stock is moving in an uptrending channel, making it suitable for consistent channel-based trading
* Price remains mostly above the 180-day EMA, offering good accumulation opportunities near the EMA
* Strong support has been observed at the 13,000 level, with crucial long-term support around 11,000
* A breakout above or below these levels could lead to significant directional movement
Maruti is on a moderate bullish run, trading within a defined uptrending channel and supported by key price levels.
Key Points:
* The stock is moving in an uptrending channel, making it suitable for consistent channel-based trading
* Price remains mostly above the 180-day EMA, offering good accumulation opportunities near the EMA
* Strong support has been observed at the 13,000 level, with crucial long-term support around 11,000
* A breakout above or below these levels could lead to significant directional movement
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.