maruti nifty or bank nifty update blwmaruti blw 10500 looking bear pattern till 10428-377 sell on rise with tight sl -- nifty profit booking as expected sell on 20120@ bank nifty hold bwl 46300 sell on rise may be dwn till 45700--300
Maruti Buy call 9100 of 29 June 2023 and hold Maruti Buy call 9100 of 29 June 2023 and hold
Technical analysis based on bauble bottoms and crossed the neck.
Based on Fibo levels return back 50%.
Target will be 9700 next six weeks.
Maruti Technical Analysis :
1. Auto sector is outperforming and leader sector
2. Stock from leading sector
3. D-RSI > 60 (high momentum)
4. Positive Reverse Divergence
Target : 9000
Maruti down side move sell Maruti Suzuki and hold for the given target support zone is bit down hold sell and book handsome profit
#Maruti inverted Head&Shoulder on daily #sharemarketInverted HNS on Maruti is created on daily however I feel there would be some struggle till 7909 (Futures) is crossed and sustained then an entry should be taken.
Simple price action, no jazz!
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