Buy Maruti Suzuki Ltd For Target Rs.250 - Religare Broking
Maruti Suzuki Ltd
* The auto index is seeing a rebound after retesting the support zone of long term moving average and MARUTI is trading in sync with the trend.
* It has recently tested 200 EMA and seeing a rebound now. Formed a strong bullish candle.
* Set a breakout from a flag pattern now. Surpassed the hurdle of short-term moving averages.
* We thus suggest initiating fresh longs through the Call option.
Buy Maruti Suzuki Ltd @ BUY 8800CE CMP 180; Range 160-170; SL118; Target 250
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