Buy Maruti Suzuki, target Rs 9800: Achin Goel

Traders can accumulate the stock in the range of Rs 9,180-9,230 for the target of Rs 9,800 with a stop loss below Rs 8,943, says Achin Goel of Bonanza Portfolio.

The price of Maruti Suzuki has given a breakout from the wedge pattern formed on the daily chart which suggests that the trend has changed to positive from corrective.


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In addition, the price has sustained above the 21-DEMA on the daily chart which indicates that the bullish trend is likely to continue in the near to short-term.

Traders can accumulate the stock in the range of Rs 9,180-9,230 for the target of Rs 9,800 with a stop loss below Rs 8,943.

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Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

Riyanshi

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