NeeteshJain

Maruti Triangle & Resistance Breakout

Long
NeeteshJain Pro+ Updated   
BSE:MARUTI   MARUTI SUZUKI INDIA LTD
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
Comment: 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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