#MARUTI is trading in a Rising Wedge pattern for last 4 months. It touched the support line last week around 5750 & rising since then. Although it should go towards the resistance line of the wedge around 6400, lack of momentum may put obstacles. Still the stock looks to be going towards 6125. It can be bought above 5960 for targets of 6040-6100 with a stop of 5885.
Comment:
Target achieved
Trade closed: target reached