There has been a breakout from Pole and Flag today in Maruti. Increase in volumes compared to last two days shows buying interest.
Maruti now trading at 7000 level. Wait for retracement towards 6970 levels for entry.
target of 7300 and SL 6830, RRR - 2.0
Strengths:
1. Axis bank has breakout from the triangle kind of pattern on daily chart and break out from raising channel pattern on hourly chart
2. Increase in volume compared to last 3-4 days
3.Results on 28.10.2020.
4.Market outlook is positive
Threats:
1. 200 DEMA at 495 level which may act as resistance for tomorrow.
2. Todays move is not limited to axis...
