MARUTI - AUTO MOMENTUM

In continuous of my previous idea on Maruti, where it failed to gain momentum on upside. Finally a bullish momentum is indicating on Moving Average Convergence Divergence <MACD>. Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. One can go long for a price target of 9200 in the near term of 1-2 months.

DISCLAIMER - I AM NOT A FINANCIAL ADVISOR , ITS JUST AN VIEW AND NOT AN ADVISE.