anandlive

Maruti-Interesting short & long setup

Short
anandlive Updated   
NSE:MARUTI   MARUTI SUZUKI IND
Although the chart is self-explanatory, Yet to see in the coming session, if the stock retraces up to around 7200 levels, then it will be a good price to enter in a long position.
This is learning and sharing purposes, not a bit trading recommendation.
Please comment with your views.
All the best.
Comment:
The stock is moving within the given range, On 15.12.21 it didn't cross our stop loss of 7652. Today on 16.12.21 made a low of 7410. Still to see ahead.
Wish you the best of luck.
Trade active:
Analysis proved correct in an exceptional way ( it happens rarely). The stock didn't cross our stop loss of 7650 and came down to our target of 7100 levels. Not only this, as mentioned in the idea (short & long set up), it bounced back to 7300 levels the same day, today.
let's see ahead.
All the best.
Comment:
Towards target
Trade closed: target reached:
The stock reached our target of 7800 levels.
This was the most interesting analysis I have done in the last 2-3 years. By God's grace, it is proved right.
I am thankful for this Tradingview platform also where I could learn more skills from many traders.
All the best for your trading journey.
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