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AbNamjoshi

Chart of the week. Maruti. 21/11/2021

Long
MARUTI SUZUKI IND (NSE:MARUTI)  
AbNamjoshi  
NSE:MARUTI   MARUTI SUZUKI IND
Head and Shoulders Support and Resistance Fibonacci
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headandshoulders supportandresistance fibonacci
Maruti has made Inverted Head and Shoulder pattern on its weekly chart. This is trend reversal pattern and one can expect stock to move up henceforth. This recommendation is mainly for long term investors, however, short term investors can keep a SL of 7400 weekly basis. Long term investors can expect huge gains over the period of few years. A great Techo Funda stock to keep in portfolio.

CMP - 8117.
Target - 9800, 13600 W.
View - Medium to Long term.
SL - 7050 W
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