RiderTrader

Maruthi - ascending Triangle Breakout

Long
NSE:MARUTI   MARUTI SUZUKI IND
Awaiting Triangular breakout
Buy open above Horizontal trend line.
Good body of candle should be above line.
Small tail, if possible.
Then it would be bullish.
Targets could be 7230 7400 7550 7750.
Then probably you can wait for 9000+
Target 7232 (Pivot)
All indicators except volume are Positive

Once break out happens be patient for a good 6 to 12 months for the upper target.
Volume below Avg

EMA 21 could be used as a Stop loss for the move.

Double top was made in 2018 June to August


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