FourSTechnicalAnalysis

MARUTI READY FOR A SPIN WITH 1:11 RISK REWARD #DONOTMISS

Long
NSE:MARUTI   MARUTI SUZUKI IND
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

Trade active: + 230 points
Trade closed: target reached: Hope Those Who Participated Reaped the Benefits...No Need to Be Scared of Throwbacks.. Trust Your Analysis

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