MARUTI SUZUKI INDIA LTD.Updated Maruti Suzuki is at an important level to go up or down ….
Maruti Suzuki is at an important level to go up or down ….
Reasons/Traits :
• Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up)
• Currently at 6781 … retest level to go up or down
• 5 EMA is crossing 20 EMA from bottom
• ADX is indicating strong trend
What can happen next :
Scenario 1 : If retest of 6781 is successful then price can go up to 7320/7650 to complete retracement
Scenario 2 : If retest is a failure then price can dip to 6590/6360 levels
6800 is an important level, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up)
• Currently at 6781 … retest level to go up or down
• 5 EMA is crossing 20 EMA from bottom
• ADX is indicating strong trend
What can happen next :
Scenario 1 : If retest of 6781 is successful then price can go up to 7320/7650 to complete retracement
Scenario 2 : If retest is a failure then price can dip to 6590/6360 levels
6800 is an important level, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Note
Trend line support is now a resistance, successful break out will give an upside targetsNote
Massive break out todayNote
coming back to test the trend lineNote
scenario 1 all levels reached and closedNote
completed bullish harmonic pattern
Disclaimer
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