Maruti in descending triangleMaruti after a good move is giving a consolidation in descending triangle.
May give another up move after a breakout.
If closes above 8310, can But for a swing trade for a target of 8550.
Marutibuy
Maruti about to speedup...Maruti broke the counter trendline (Yellow) on daily time frame as well as weekly timeframe a month ago and then retested and took support beautifully from the same counter trendline on both timeframes that is now acting as a supportive trendline.
After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers try to buy as much as possible without raising the price). It's also in a symmetrical triangle formation that is a continuation pattern and here it shows upside movement.
RSI looks good.
MACD recovering from bearish to bullish.
0.382 fib support present near 7450.
Finally
Buy above 7551 for the targets mentioned above in the chart
Choose your risk : reward accordingly.
If you like the idea please LIKE,COMMENT and SHARE.
MARUTIgood trend line may be its broke resistance line we entre the trade 23% its have expert be patience and wait good momentum candle and entre
