Hi Traders /Investors ,
This is a Swing / Positional Trade .
I can see a bullish momentum in Maruti Suzuki because of following reasons :-
1) Formation of Inverted Head and Shoulders Pattern .
2) Also formation of Double Bottom chart pattern , which is also bullish.
3) Can also enter this trade after a Retest at prior Resistance level now acting as a Support.
Giving a Risk to Reward of 1:3,
Entry - 7978-8150 levels
Stoploss - 7370 levels
Target - 9910 levels
This is just an analysis so don't take any decisions solely on this basis.
Please give a thumbs up if liked this analysis as it requires deep research.
This is a Swing / Positional Trade .
I can see a bullish momentum in Maruti Suzuki because of following reasons :-
1) Formation of Inverted Head and Shoulders Pattern .
2) Also formation of Double Bottom chart pattern , which is also bullish.
3) Can also enter this trade after a Retest at prior Resistance level now acting as a Support.
Giving a Risk to Reward of 1:3,
Entry - 7978-8150 levels
Stoploss - 7370 levels
Target - 9910 levels
This is just an analysis so don't take any decisions solely on this basis.
Please give a thumbs up if liked this analysis as it requires deep research.