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Maruti Suzuki

13 Apr 202103:00 PM

A move above 6937 on a closing basis would break the downtrend for Maruti that may have bottomed [after an expanded flat EW pattern, and with a positive divergence in the RSI] at 6470. The first resistance is 7387 the wave 4 high. Longer-term this correction was wave 2 and wave 3 should attempt to go back above the wave 1 high of 8400. Daily chart below

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