MARUTI RISING WEDGE

Dear All, After a recent sell off in Maruti from 9800 level to 6500 levels.. Post that stock has started moving upwards and made a Rising wedge Pattern on Daily Chart.. We have to Keep Maruti on Watch list for tomorrow. The wedge is not broken yet, So need to watch 7340-7350 range, if broken, then some serious selling can be seen on this counter and the price can retest 6500 levels again ! Charts are attached hereby for your reference.
Maruti 30 Mins Chart
Maruti Daily Chart
Cheers Sid
Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

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