Joel-Jose

Maruti - Rising Channle

Long
NSE:MARUTI   MARUTI SUZUKI IND
NSE:MARUTI

Price is forming a rising channel and price is taking support at the channel's lower trendline. Next major support is at the swing low of 6545 if holds then price target can be above 6500.

Short term trade: Enter - CMP , Stoploss: 5764, Exit: 6454
Trade active: As analyzed price bounced off from lower trendline.

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