Maruti about to speedup...

30 oct. 2021

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.

• 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.
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1 nov. 2021

Transaction en cours

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.

8 nov. 2021

Trade fermée: cible de profit atteinte

2nd target is done now trailing for further targets, still bullish on the same
Godspeed

17 nov. 2021

Trade fermée: cible de profit atteinte

All targets hit booked great profit. Still trailing.
Godspeed