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Rugminik

MARUTI SUZUKI - A long term Investment Idea - 50% ROI expected.

Long
MARUTI SUZUKI IND (NSE:MARUTI)  
Rugminik Updated   
NSE:MARUTI   MARUTI SUZUKI IND
Trend Analysis Fibonacci Multiple Time Frame Analysis marutisuzuki investing indianstocks Equity stockstobuy priceaction Fibonacci Retracement Fibonacci Extension elliotwaveanalysis
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trendanalysis fibonacci mtfa marutisuzuki investing indianstocks equity stockstobuy priceaction fibonacciretracement fibonacciextension elliotwaveanalysis
1) The stock is breaking out of a 6 year old consolidation zone in yearly time frame.
2) The stock is reversing from a Fib 61.8% in yearly time frame.
3) The stock is breaking it's previous swing high.
4) The stock is above to form a strong 3 Month breakout if March closes strong.

The stock structure looks strong, one may accumulate in dips for a long term target of 19000.
Comment:
Broken out in 3 Months as well.
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