Hello & welcome to this analysis
The stock after seeing a 90% retracement from 2017 to 2020 and see a strong rally, recently going past its previous ATH made in 2017.
It has resistance around 145 with possibility of strong upside above it and support at 100 and below that near 75.
Happy investing
Hello & welcome to this analysis
Nifty at the lower end of a parallel channel which matches with the trendline breakout.
As long as its above 21575 it could do another ATH towards the upper end of the parallel channel.
All the best
Hello & Welcome to this analysis
GIFT NIFTY 4 hourly chart in the PRZ of two bullish Harmonic Patterns - Alt Bat and Crab.
The Alt Bat gets negated below 19200 while the Crab gets negated below 19150.
Sustaining above 19350 the probability of a rally/bounce would be high.
Regards
Hello and welcome to this analysis
Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback.
Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders...
