Today am back with a new breakout stocks which you can consider for Intraday Trading levels for today's market. Hope you read our previous breakout stocks which i posted yesterday. Today's best stock which is near by breakout levels is "Maruti". Let's look in detail above this stock and what will be the entry price and Targets for this stock.
Latest Chart Analysis for Maruti share
Here am selecting the Trading view daily chart of Maruti share and i have marked the breakout levels in it as shown below.
Trading view daily chart of Maruti share |
From this chart analysis, we have understand that major Resistance levels for Maruti share is at 11687 to 11728 levels. And if it breaks it can create a new high for Maruti share. So wait for this levels to break to enter in to a intraday trade. Also you should consider the Volume of the stock to get a confirmed entry on Intraday trading. I will be posting in my telegram channel if i get a confirmed entry on this. Stoploss for Maruti other than intraday can be considered below 11118 levels. Also below this levels can consider for the sell side. For intraday stoploss as per the Risk reward ratio or below 5 minutes support in intraday chart. Targets can be considered as 1 percentage, 2 percentage and 3 percentage respectively.
Conclusion
So we have seen the Intraday breakout levels for Maruti share for today. Mark the levels in the chart given above and convert in to the lower time frame to get a entry price. But don't forget to consider the volume for the breakout candle as mentioned above.
Also Read our previous post on " Start forex Trading in India for Free"
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