Maruthi- Rs.4564/- Maruthi is forming a perfect topish pattern as raising triangle. Generally the break out would be in the opposite to the angle of the triangle. In this case the slope is upwards so we can expect the break out to be downwards. The breach of trend line would signal the confirmation of the pattern and its break down. So we have to patiently wait for the break down of the trend line. if the trend line is taken out the the pattern implications are pointing towards probable target of 4000 levels the move would be very swift to the surprise of every body.

Mahiidar M
Enjoying Life
Trend is Friend.