DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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Maruti Suzuki has broken out of Weekly parallel in 17th Aug 2020 week which it formed since 18th Dec 2017 after hitting lifetime high
From march lows we are in ABC correction to weekly parallel channel and We look to have finished wave C or iii.
Wave iv going to be sideways correction till fib 0.236=6700 or 0.382=6300. In case deep correction 0.5=6000.
Stop Loss 7350 which is recent high
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
--------------------------(((((LIKE)))))-------------------------------
Maruti Suzuki has broken out of Weekly parallel in 17th Aug 2020 week which it formed since 18th Dec 2017 after hitting lifetime high
From march lows we are in ABC correction to weekly parallel channel and We look to have finished wave C or iii.
Wave iv going to be sideways correction till fib 0.236=6700 or 0.382=6300. In case deep correction 0.5=6000.
Stop Loss 7350 which is recent high
Comment:
Note downside levels given are good opportunity for long term. Its temporary correction once its over it go upwards.
Comment:
Target 1 6700 achieved. low 6590 today.
Trade closed: target reached:
6312 low made today.
