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Maruti Suzuki India Ltd

Discussion in 'Technical Analysis' started by sachinmore08, Jun 29, 2012.

  1. sachinmore08

    sachinmore08 New Member

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    Maruti is looking very attractive today.It formed perfect W and just broke out from its 1153 resistance level.. hoping for forward moment from here after. What say guys..any opinion?
     
  2. shabbir

    shabbir Administrator Staff Member

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    It has formed a W but not sure if if it is breaking out yet.
     
  3. masihpatel

    masihpatel Active Member

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    maruti petrol car sales is dropped due price hike.
     
  4. yankeedin

    yankeedin Responder

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    anticipated breakout

    Maruti is consolidating for last 2 weeks and can give a break out(upside) any time. Kindly suggest your views.
     
  5. shabbir

    shabbir Administrator Staff Member

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    Yes the consolidation is on and so you can consider anticipated breakout but make sure your stop loss is also very strict
     
  6. yankeedin

    yankeedin Responder

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    Maruti has broken out and is trading at 1500