Maruti Triangle & Resistance Breakout
It is been observed on the hourly chart that the price action firstly breaks above the triangle formation pattern with a strong big green candle and then faced resistance pressure at 6215 levels. Now, it has also broken the resistance levels, indicating buyers domination over price action.
Target1: 6250
Target 2: 6290
Stoploss: 6170
Target1: 6250
Target 2: 6290
Stoploss: 6170
Note
If you would like to trade this one then wait for hourly candle to close above 6215-6220 levels in order to have further confirmation. Regards
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Related publications
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.