NSE:MARUTI   MARUTI SUZUKI IND
The daily chart shows a beautiful wedge pattern with a tilt towards upward breakout. The weekly chart has shown a MACD uptick yet again and with closing above a strong resistance with good volumes the short term perspective is bullish .
Key Resistance at 6550,6620 and 6750.
Key Support at 6150 and 6000
Happy trading
K
Trade closed: target reached: Our target for short term has been achieved within 3 days of analysis.
Hope the viewers could benefit :D

Comments

RSI is showing negative divergance....so my view is on the down side
+1 Reply
@Karu142, Yes, I did see the RSI Divergence, but did not consider it to be significant s the positive drivers were more in effect.
Reply
@Karu142, Looks like both of our views played out, as it it go down to 6150 before making a high of 6597.
Reply
Nice work
+1 Reply
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