Maruti Suzuki in a descending channel pattern.
The stock has reached its upper limit of the channel.
200 EMA is giving support for now. Crossing that, we may see stock reaching the lower end of the channel.
Trade with caution. The upper trend line will be SL.
Target will be the lower trend line of the channel (in phases).
Stay Safe & Trade Safely. :)
200 EMA is giving support for now. Crossing that, we may see stock reaching the lower end of the channel.
Trade with caution. The upper trend line will be SL.
Target will be the lower trend line of the channel (in phases).
Stay Safe & Trade Safely. :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.