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kartik_subramanian

Invserse Head and Shoulder pattern

Long
MARUTI SUZUKI IND (NSE:MARUTI)  
kartik_subramanian  
NSE:MARUTI   MARUTI SUZUKI IND
Chart Patterns
2
0
chartpattern
Maruti is forming an Inverse Head and shoulder pattern. It has already broken out above the neckline at 7400.

Currently it is retesting the breakout level at 7400.

Holding this level it should reach the target of 8500 on the upside in this current rally.

Stoploss for this trade is 7200.
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