ankit3000
Long

Maurti - Switching gears again

NSE:MARUTI   MARUTI SUZUKI IND
Stock in strong uptrend,made a top of 7480 and witnessed some pullback.
as soon it went below 20 Day SMA , pulled back sharply to form a Hammer on daily chart .
One can go long in the stock at CMP 7265 With a stop loss of today's low 7153 for a retest of 7480.
Comment: 2 Consecutive Doji indicates indecisiveness
Not able to sustain above 7400.
Conservative traders can book 112 Rs. Profit here
Aggressive traders hold
Trade closed: target reached

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