Maruti Suzuki IND '' up to 24 % gains "

17 нояб. 2021 г.

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 [ i.e. bullish chart 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.

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