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varadtambolkar
Jan 1, 2021 6:53 AM

Maruti , Breakout complete, Good level to accumulate. Long

MARUTI SUZUKI INDNSE

Description

Maruti gave breakout from megafone pattern on weekly charts with good volumes.
After weeks of consolidating & testing , this week it showing some good signs of continuation of up move.

On weekly charts stock made Higher high after 2018 fall. If it cross 7800 level market, higher high higher low formation will start

Comment

Wait for Today's close

Comment

Same pattern breakout was there in

1. Infosys
2. SAIL
3. JSW Steel
4.TATA Steel

Comment

Good move by maruti.

5% up.

finally we can see classic breakout on maruti.
Comments
singupuramrk
Can it open up on Monday........ It dropped from 7732 level to 6682
varadtambolkar
@singupuramrk, No problem Sirji, there is no wick to the weekly candle. But volumes are less, not as expected, but overall still positive on this stock.
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