MARUTI : CMP 7162
Highlights
trade set up :
1.buy above 7490
2.keep stop loss as 6715
3. targets
7947/8237 short term
8845/9127/9550+ long term
technical buy based on :
1. trend line
2. support / resistance
3. symmetrical triangle
4. strong volume
5. multiple time frame analysis
note :
stock is forming strong bullish structure with huge volume setup in monthly candle .
and dry volume during corrective phase .
its near multiple time frame price resistance zone of 7500 .
buy above with mentioned stop loss for long term good targets .
with festive seasons ahead expected good surge in sales volume and results too.
Highlights
trade set up :
1.buy above 7490
2.keep stop loss as 6715
3. targets
7947/8237 short term
8845/9127/9550+ long term
technical buy based on :
1. trend line
2. support / resistance
3. symmetrical triangle
4. strong volume
5. multiple time frame analysis
note :
stock is forming strong bullish structure with huge volume setup in monthly candle .
and dry volume during corrective phase .
its near multiple time frame price resistance zone of 7500 .
buy above with mentioned stop loss for long term good targets .
with festive seasons ahead expected good surge in sales volume and results too.
Comment:
7910 high
Comment:
target 1 done today at 7973+ high
Comment:
800 PTS done from our buy zone
Comment:
8128 high
Comment:
8350 high target 2 done