Hi Traders /Investors , This is a Swing / Positional Trade . I can see a bullish momentum in Maruti Suzuki because of following reasons :- 1) Formation of Inverted Head and Shoulders Pattern [ i.e. bullish chart pattern]. 2) Also formation of Double Bottom chart pattern , which is also bullish. 3) Can also enter this trade after a Retest at prior Resistance level now acting as a Support.
Giving a Risk to Reward of 1:3, Entry - 7978-8150 levels Stoploss - 7370 levels Target - 9910 levels
This is just an analysis so don't take any decisions solely on this basis.
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