Maruti - Long Swing Trade

2019年10月23日

Maruti completed a bull phase with supply seen in the 8450 - 10000 rectangle zone.

The scrip appears to be breaking out of a year long downward channel move on the back of rising demand as seen in the volume with reasonable accumulation.

Stop Loss: 6650
Target: 8450

2019年10月27日

註釋

Trend appears to be intact.

2019年10月29日

註釋

Stop Loss should now be trailed up to 7000.

2019年11月1日

註釋

Bullish trend appears to be intact. Stock stayed strong after the announcement of the monthly sales figures.

2019年11月25日

註釋

Selling pressure was followed by a short term support at breakout levels. One could imply that the buyers at those levels are ready to defend their long positions.