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MARUTI READY FOR A SPIN WITH 1:11 RISK REWARD #DONOTMISS
MARUTI SUZUKI INDIA LTD.
Long
MARUTI READY FOR A SPIN WITH 1:11 RISK REWARD #DONOTMISS
By FourSTechnicalAnalysis
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Updated
May 26, 2021
7
May 24, 2021
Hi Friends and Fellow Traders
#DONOTMISS
#MARUTI
Broken out from the Daily Downtrend (+ Sign)
Price has been beautifully Consolidating over Hourly 200EMA
Following a Good Trendline in Hourly TF
Successfully closed above 6800-6850 resistance level (after testing for 4 times)
Same Level may act as support to propel the stock further
Today took slight rejection from 200 Daily EMA (expected)
Close above 200 D EMA will further propel the upside journey
KEY LEVELS FOR ENTRY , TARGETS AND STOP LOSS MARKED ON CHARTS
May 26, 2021
Trade active
+ 230 points
Jun 26, 2021
Trade closed: target reached
Hope Those Who Participated Reaped the Benefits...No Need to Be Scared of Throwbacks.. Trust Your Analysis
4stech
4stechnicalanalysis
Chart Patterns
Harmonic Patterns
MARUTI
marutisuzuki
Trend Analysis
FourSTechnicalAnalysis
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