Jay Bharat Maruti #Monthly Chart Study

Jay Bharat Maruti #Monthly Chart Study

Price is in continuous up trend and moving in a upward channel as shown

It needs to break out of strong supply zone between 130-149 after 7 years with good volume for up-ward journey

This can be added on dips till 94 with SL 79.5 on Weekly closing basis
For Medium Term target 195,270++ which are fib extension levels shown in the chart
Long term Targets are 370 and 460 ++

Recently it gave Breakout form Triangle BO

Every time price has retraced to the down (Green zone) Super up move are seen similarly whenever it has moved up to (Red zone) Nice down moves are seen

Note: The above is only for study purpose. Please contact your financial advisor before taking any decision.