Maruti starting for larger Trend-Target 5591(+331) in June20
Maruti has formed complete cycle of 8 Waves making it part of larger Wave 1. A small correction was visible in intraday chart as wave 2. Starting of wave 3 which will be fastest and steepest for target of 5591.
Note
As expected the correction wave expanded a little bit after 5 days of positive closing. It tested critical low(Stop Loss) of 5135 which also lead to filling gap up of previous day. Looks set for target of 5591.Trade closed: target reached
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