MARUTI : Join an uptrend running for 11 years
MARUTI has been running in a strong uptrend for last 11 years !!!!!! with just 3 higher lows on it's way(in monthly chart below). I've added one more chart below which shows data since 2014 to till today(weekly chart) & the chart shows the smooth upmove with multiple higher lows with rejection bars alongwith support from 20emas (learn : 20ema strategy).On current market, the stock is on a pullback phase again & we're looking for buy entry opportunities with our strategies without a fear as we don't find a reason to be BEARISH in this stock. Are you looking for BOTTOM FISHING in stocks which are falling & falling ?? if yes- why are you ignoring stocks like this one ( which has shown no sign of weakness for last so many years ) & rising ??? Are you afraid of the stock rate & looking for quantity instead of QUALITY of a stock ??
SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me realtime using higher & lower timeframe charts.
PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.