Maruti Suzuki is at an important level to go up or down ….
Reasons/Traits : • Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up) • Currently at 6781 … retest level to go up or down • 5 EMA is crossing 20 EMA from bottom • ADX is indicating strong trend
What can happen next : Scenario 1 : If retest of 6781 is successful then price can go up to 7320/7650 to complete retracement Scenario 2 : If retest is a failure then price can dip to 6590/6360 levels
6800 is an important level, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Trend line support is now a resistance, successful break out will give an upside targets