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Head & Shoulder Pattern Formation in Maruti

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MARUTI SUZUKI IND (NSE:MARUTI)  
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NSE:MARUTI   MARUTI SUZUKI IND
Chart Patterns Trend Analysis Beyond Technical Analysis MARUTI marutisuzuki marutilong marutiforecast marutiidea marutianalysis Stocks investing investment
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Maruti has been in a Complex Head and Shoulder pattern formation since September 2018. Looks like the stock is coming out of this pattern as it moves above 8500 with high volumes.

The stock had reported its Quarterly Earnings on 25th Jan and the stock has moved +4.2% since then.

If the stock stays above 8500, it can move towards its all-time high of 10K
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