Maruti - Rising Channle

Theo Joel-Jose
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MARUTI

Price is forming a rising channel and price is taking support at the channel's lower trendline. Next major support is at the swing low of 6545 if holds then price target can be above 6500.

Short term trade: Enter - CMP, Stoploss: 5764, Exit: 6454
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As analyzed price bounced off from lower trendline.
Chart PatternsParallel ChannelTrend Analysis
Joel-Jose

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