Maruti Stock Weekly Chart


Maruti stock which is also the gigantic stock of the automobile sector but the journey of this stock is not so good since 2018, as per technical jargon it was in downtrend from Sept 2018 to Jul 2019.
Going forward, now the picture looks totally different for sure thanks goes to the corporate tax cut.
On a weekly chart, Maruti stock is trading above its 200 DMA 6809 levels that signify stock is in an uptrend.
Therefore there is a high probability stock could rally towards 7760 levels in the coming trading sessions. if the stock could able to breach 7760 levels on a weekly chart then there is a high possibility stock will shift its range to the higher side as mentioned in the chart.

Have a BULL EYE!

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