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MAZDA LTD – TECHNICAL CHART STUDY

mazda

buy MAZDA above 110 close sl 87 target 130-145

as per the technical chart we can see that recently stock able to change its falling move, by moving above resistance line, and then made ASCENDING TRIANGLE  on chart. it able to give one positive bar out of triangle so one more positive close can confirm up move.

RSI also moving in upper direction, and still have some scope to move into overbought zone again.

so if able to close above 110 level then one can stay long in this till its moving in positive direction.

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