Maruti after a good move is giving a consolidation in descending triangle. May give another up move after a breakout. If closes above 8310, can But for a swing trade for a target of 8550.
Maruti broke the counter trendline (Yellow) on daily time frame as well as weekly timeframe a month ago and then retested and took support beautifully from the same counter trendline on both timeframes that is now acting as a supportive trendline. After that it has been consolidating for a few days, that according to me shows an accumulation phase (where buyers...