Maruthi suzuki long ....MARUTI SUZUKI INDIA LTD.NSE:MARUTIjeetztradesChart Pattern: Volatility Contraction Pattern (VCP) The chart displays a textbook Volatility Contraction Pattern (VCP), a bullish setup popularized by Mark Minervini. VCP is characterized by a series of tightening price swings (each dip is shallower than the previous), signaling absorption of supply and a possible explosive breakout when resistance is cleared. The resistance zone is clearly marked near ₹13,059–₹13,100, with the price currently consolidating just below this level. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is positive and appears to be crossing above the signal line, supporting bullish momentum. Volume: The volume pattern shows contraction during pullbacks and should ideally expand significantly on breakout for confirmation. Moving Averages: Most moving averages (MA20, MA50, MA100, MA200) are in bullish alignment, supporting the uptrend. RSI (Relative Strength Index): RSI is at 62.12, suggesting bullish momentum but not yet overbought. Stochastic: Overbought at 98.3, so some caution is warranted for short-term traders. Breakout and Target Levels: Breakout Trigger: A daily close above ₹13,100–₹13,150 with strong volume would confirm the VCP breakout. Targets: First Target: ₹14,068 (previous swing high and psychological round number). Second Target: ₹15,025–₹15,200 (projected from the height of the base and marked on the chart). These targets align with the typical VCP breakout potential, which can yield 20–100% gains over several months if volume confirms the move. Stoploss Levels: Recommended Stoploss: Place a stoploss just below the most recent swing low within the pattern, typically around ₹12,400–₹12,500. This level is just below the last contraction and provides a logical risk point if the breakout fails.....