Swing Opportunity in Maruti Suzuki
Updated
Go Long above 7387.1 for Targets of 7953.2, and 8519.3 with SL 6821
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. The stock is forming a bullish chart pattern, Inverted Head & Shoulder.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. The stock is forming a bullish chart pattern, Inverted Head & Shoulder.
Trade active
Entry triggered on 23 June 2021Trade closed: stop reached
SL hit on 16 Aug 2021
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