After years of consolidation Maruti has done a wonderful breakout.
Trade active
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TRADE: Entered Half risk @10350 with SL @9300.
REASON TO TRADE: Stock broke out of consolidation from SEPT 2016 to SEPT 2023 range of 4000-10000. This means there is demand of the same and share has potential to go higher.
DEFINED SL@ 9300 on a Daily closing basis.
Comment
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TRADE: Added another half risk @11400 DL 9800
REASON FOR TRADE: After another round of breakout which indicates demand its highly like for the stock to the upward flight.
DEFINED SL@ 9800 for full quantity on a Daily closing basis.
Trade active
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SL TRAIL @ 11000 on a daily closing basis.
Trade active
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TRADE: Added another half risk @12850 SL 12300
REASON FOR TRADE: After another round of breakout which indicates demand its highly like for the stock to the upward flight.
DEFINED SL@12300 for this quantity on a Daily closing basis.