MARUTI SUZUKI INDIA LTD.Updated MARUTI Zooming Breakout Trade
After years of consolidation Maruti has done a wonderful breakout.
Trade active
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.
Note
TRADE: Added another half risk @11400 DL 9800REASON 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
SL TRAIL @ 11000 on a daily closing basis.Trade active
TRADE: Added another half risk @12850 SL 12300REASON 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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.