MARUTI - Inverted Head and ShoudersNSE:MARUTI has made inverted head and shoulders pattern on weekly chart.
It can be good choice for long term investors and swing traders.
Trade Details:
Entry: 8600 or below.
Stop Loss: 7800
Holding Period: at least 3-4 months
It can reach a new all time high in near future.
Auto Sector Index has also made an hammer on weekly chart at an important support zone.
Happy investing :)
Marutilongtermview
MARUTI SYMMETRICAL PATTERNHello
Welcome to this analysis about MARUTI , we are looking at daily timeframe perspectives. MARUTI in recent times heavily decreased with bearishness however it now moved into an oversold condition. MARUTI is developing here that will be a decisive factor in the upcoming times. I discovered the main formation MARUTI is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how MARUTI has emerged with this key MARUTI SYMMETRICAL PATTERN marked in my chart with the black boundaries. MARUTI is near support region which is an important support and also psychological support-mark together with the lower-boundary of the MARUTI SYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about MARUTI and its major MARUTI SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!