WHY?
- A meaningful INHS breakout on the monthly chart (Black-line) is sustaining for a long period now, confirming strong medium-term bullishness.
- On the weekly chart Price is protected by a trendline (Green), Below which it only traded in RUSSIA - UKRAINE crisis and still closed above that
- The NSE auto index (CNXAUTO) is also showing medium-term bullishness which will act as sentimental support
- Resistance on the above side (Red) is tested multiple times and the chart can break out at any time in the next few months.
- So keep adding MARUTI near to its weekly support line
Happy Investing
- A meaningful INHS breakout on the monthly chart (Black-line) is sustaining for a long period now, confirming strong medium-term bullishness.
- On the weekly chart Price is protected by a trendline (Green), Below which it only traded in RUSSIA - UKRAINE crisis and still closed above that
- The NSE auto index (CNXAUTO) is also showing medium-term bullishness which will act as sentimental support
- Resistance on the above side (Red) is tested multiple times and the chart can break out at any time in the next few months.
- So keep adding MARUTI near to its weekly support line
Happy Investing
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.