Maruti given a flag pattern BO in last trading session with good volume.
If sustained over 7130, Buy can be initiated and there are several hurdles like marked in the chart.
Sl to be maintained below 6970.
Stock first Chance the trend with heavy volume and then price has consolidate in a horizontal parallel channel.
A horizontal channel is formed by two parallel horizontal lines that frame the evolution of the price.
The upper line is called the "resistance line".
The lower line is called the "support line".
A horizontal channel is confirmed/valid if it has good...
