sainathsetti96

MARUTI - TRENDLINE SUPPORT to BREAKOUT with RISK:REWARD=1:10

Long
NSE:MARUTI   MARUTI SUZUKI IND
MARUTI Looks overall bullish and following the trendline perfectly.
MARUTI is holding the above trendline from May 2021. Today, it retouched the trendline and bounced back hard.
Above 7350, It can reach to 7650 quickly and easily.
The risk level is 7150.
One can enter the trade today at 7190 with Target= 7650 and Stop Loss= 7150 for almost 400 points with risk of 40 points. Risk/Reward ratio = 1:10 i.e., If you can risk one lakh rupees, there is high chance you may get 10 lakh rupees.

My personal Trade:
Entered MARUTI JUL 7400 calls at 27.00
For safe traders,
MARUTI AUG 7400 calls as swing trade.

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