Maruti : Trade range
Updated
Maruti has been continuously trading in range of 6300-7200. Today also counter took support at at 6360 and then bounced back to close above 5 day EMA. RSI also bounced from 30. CCI is still in oversold zone but cross over signal has not taken place. Volume was decent with bullish engulfing candle.
Buy in dip at 6565 with stop loss below 6400 for target 6870.
Buy in dip at 6565 with stop loss below 6400 for target 6870.
Trade closed: stop reached
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