MARUTI SUZUKI TREND ANALYSIS – 27 MARCH 2019

MARUTI SUZUKI STOCK WAS FACING A BEARISH TREND AND LITTLE BIT A FLAT MARKET.RECENTLY IT MADE DOUBLE -TOPS AND DOUBLE BOTTOMS TOP PATTERN IN SMALL MOVEMENT OF RANGE. THAN IT BREAKS THE DOUBLE -BOTTOM SUPPORT AND WENT INTO BEARISH DIRECTION.NOW HERE PRICE GIVE SOME RECOVERY HERE AND REACHED TO THE LAST SUPPORT AREA, WHERE NOW IT WAS WORKING AS RESISTANCE AND THIS TIME ALSO PRICE UNABLE TO BREAK THE RESISTANCE, TWICE IT MADE A TRY AND GET UNSUCCESSFULL TO BREAK THE UPPER ZONE LEVEL. SO HERE ALSO IT MADE A DOUBLE – TOP PATTERN WITH NECKLINE . CURRENTLY IT WAS TRAVELLING ON THE SUPPORT ZONE . LETS SEE HOW THE PRICE WILL REACT IN THE NEXT UPCOMING SESSIONS.