1) Strong Chart patterns —
Triple bottom formation with breakout.
2) Reclaiming 20WEMA —
So the actual wait was not just the triangle breakout, but, the requirement to close above 20 Week (WEMA). Maruti gave a weekly close above the 20WEMA for the first time after August 2018
3) Momentum —
This price uptrend was accompanied by good volumes indicating momentum.
4) Indicators —
garnering strength and generating a positive crossover
A long position here has a potential to capture a healthy upmove of 600 points in coming weeks if the results season goes well. I hold a position in the stock and my personal targets are mentioned in the charts with the 20WEMA acting as the dynamic stop loss.