TradingView
Rugminik
Mar 20, 2024 2:23 PM

MARUTI SUZUKI - A long term Investment Idea - 50% ROI expected. Long

MARUTI SUZUKI INDNSE

Description

1) The stock is breaking out of a 6 year old consolidation zone in yearly time frame.
2) The stock is reversing from a Fib 61.8% in yearly time frame.
3) The stock is breaking it's previous swing high.
4) The stock is above to form a strong 3 Month breakout if March closes strong.

The stock structure looks strong, one may accumulate in dips for a long term target of 19000.

Comment

Broken out in 3 Months as well.
More