MARUTI looks like it is bottoming out.
Today it gapped down massively but the first hour candle has closed quite bullish.
Notice the clear Inverted H&S pattern formation setting up on the 1 Hr chart. This actually firms my bias on the upside.
I've taken Long swing position on MARUTI and plan to hold it for the next couple of weeks max.
TGT - 12,375 level
SL - Bearish close below 11,491
PS - Not a recommendation. Pls due your own due diligence.
Today it gapped down massively but the first hour candle has closed quite bullish.
Notice the clear Inverted H&S pattern formation setting up on the 1 Hr chart. This actually firms my bias on the upside.
I've taken Long swing position on MARUTI and plan to hold it for the next couple of weeks max.
TGT - 12,375 level
SL - Bearish close below 11,491
PS - Not a recommendation. Pls due your own due diligence.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.