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In the weekly charts, we can see that the stock has managed to close above the marked resistance level with a confirmation candle. Let’s look at the daily charts.
In the daily charts, a descending triangle has been formed. The stock has managed to come out of the descending triangle with a confirmation candle that gives us a strong bullish bias.
In the weekly charts, Maruti Suzuki has been doing a retest at the marked resistance level multiple times. This week it has managed to close above that zone. Let’s now have a look at the daily charts.
In the daily charts, it has formed a descending triangle.
After forming a descending triangle, it has managed to close with a big confirmation candle. This gives us a bullish bias on Maruti.
In the weekly charts, ITD Cementation has managed to come out of the marked resistance level. Let’s now have a look at the daily charts.
In the daily charts, there is an ascending trendline.
Now, the stock has finally managed to come out of the marked resistance level with strong volumes with a big confirmation candle.
This adds to out bullish bias for the stock.
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