Maruti
Suzuki India Ltd on a daily chart stock price is making higher high pattern
also stock price is trading above the 20 DMA, indicate positive outlook for the
stock price. Technically on daily chart stock price at Rs. 5193 has given the
breakout of downward sloping trend line at Rs, 5096 level, indicate stock price
can rally towards previous high swing, which look most likely.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 5190 for the target of Rs. 5535 levels, with Rs.
5033 stop loss on closing basis.
No comments :
Post a Comment