Maruti about to speedup...
已更新
Maruti broke the counter trendline (Yellow) on daily time frame as well as weekly timeframe a month ago and then retested and took support beautifully from the same counter trendline on both timeframes that is now acting as a supportive trendline.
After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers try to buy as much as possible without raising the price). It's also in a symmetrical triangle formation that is a continuation pattern and here it shows upside movement.
*MACD recovering from bearish to bullish.
*0.382 fib support present near 7450.
Finally
Choose your risk : reward accordingly.
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After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers try to buy as much as possible without raising the price). It's also in a symmetrical triangle formation that is a continuation pattern and here it shows upside movement.
- RSI looks good.
*MACD recovering from bearish to bullish.
*0.382 fib support present near 7450.
Finally
- Buy above 7551 for the targets mentioned above in the chart
Choose your risk : reward accordingly.
If you like the idea please LIKE,COMMENT and SHARE.
交易开始
As per analysis Maruti gave a move of about 2% today and people are sitting on good profits.The pattern has given a breakout so more to come.
The 1st target has been reached and now trailing for further targets.
Godspeed.
交易结束：到达目标
2nd target is done now trailing for further targets, still bullish on the sameGodspeed
交易结束：到达目标
All targets hit booked great profit. Still trailing.Godspeed
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