ravibhadrappa_TCFMRA

Maruti entering Support zone and hinting to move up!

Long
NSE:MARUTI   MARUTI SUZUKI IND
> After continuous fall Maruti has entered key support zone and hinting to go up.
> Key movements to watch are to see if price can close above 200EMA and volume is higher than last 5 days average
> Price is consolidating between 6950 to 7020, if price closes above 7025 on hourly time frame, go long on swing trade, with SL of 6800
Trade closed: target reached:
Trade initiated at 7030 and exited at 7240 for 3% Profit.

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