Maruti is ready to go upside as Auto sector started to show some improvements.
Anyway we have to wait till the proper breakout and a retest at 7290 levels. So wait till the immediate resistance to get broken and enjoy the ride.
Disclaimer: Kindly do your own analysis before taking any trade. This view is for educational purposes only.
1. Formed both "Cup and Handle" & "Inverted Head and Shoulder"
2. Re-test Done successfully
3. Breakout happened at major resistance
4. Raising Volumes during breakouts
5. RSI is also at good level
Buy at Current Market Price (around 7425)
Target 1 at 8340
Stoploss at 6800
** Target and Stoploss may vary, depend on one's Risk-Reward Ratio
** This one is...
Maruti seems to be super bullish. We have both an inverted Head and shoulders pattern as well as a round bottom pattern. A breakout may give us a very clear bullish movement. Don't miss out on this train
Educational purpose only - trade at your own risk.
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✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel