NIFTY HAS MAINTAINED ITS TRENDLINE SUPPORT POST GLOBAL FINANCIAL CRISIS. AN AMAZING OPPORTUNITY COMING TO BUY FOR LONG TERM.
SECOND TRENDLINE WHICH WAS CREATED DURING START OF MODI ERA.
THIRD ITS SUPPORT LINE NEAR 10,000
ALL OF WHICH STATES THE BUYING ZONE.
TAKE OUT YOUR MONEY START PLANING YOUR PORTFOLIO FOR LONG TERM GROWTH STORY OF INDIA
After Breaking the 9 year long range, it has been following the trend and has always made its trend line the support.
If it again takes the trend line support: enter for those who are looking to enter the stock.
If it breaks the trend line support : Exit for those already in the stock.
There is a Head and shoulder on weekly charts on Maruti. Left shoulder is an ok ok shoulder but it is one. If it breaks below 6500 on weekly basis and closes below then the possible target become 5500.