kind of descending triangle pattern breakout u can say AND also POSITIVE DIVERGENCE on RSI can be seen. can go positional long at CMP or if you're a breakout trader can wait for the range breakout and confirmation of the daily candle closing above 6709.00 level with a strict stop-loss of 6400(on closing below basis), all the horizontal lines u see on chart can take it as a intraday levels as those levels can act as valid support and resistance, all the horizontal lines above can be the targets for this trade.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS.
Trade attivo:
currently, Maruti trading at 7186 level, may show some consolidation here in 7235-7076 zone. suggestions :- you can either add at 7076 level or you can enter after the 1D candle closing above 7235 level.
Trade attivo:
Started picking up again, keep trailing stop-loss if you're holding any position.