Maruti Flags Bullish Amid Technical Breakout

Author: Valarmurugan
Published Date: December 10, 2020

On the daily chart, the stock is forming a bullish flag pattern after sketching the flag pole on an attempt to breakout from a triangle pattern.

The stock price for the last few weeks were gyrating between a very tight range and has moved past the range on 03 Dec 2020 with surge in volume.

The first minor support is near at 7300 level were the stock will come back to test the breakout area and the major support at 6300 level.

Any sustainable move above the flag top 8000 level results in a powerful move higher.

Do you wish to invest in stock market?

Stay Informed with EQSIS Tools and Services

Stock Market Training

3 days classroom training + 30 days online practice. Here you can learn from basics to advance concept.

Intraday Scanner

We have best in-class intraday scanner which helps you in stock selection.

Follow Us

You can joins us using your prefered social network