MARUTI SUZUKI IND (weekly)

Current market price Rs.8050 (INR).

The point of analysis is the Double Bottom Pattern or known as the W pattern (highlighted with red circles).
If R1 breaks with good volume (see the verticals bars below the image) you can buy it with S1 as a stop-loss point.
Target can be R2, that is Rs.10000 (INR)
It is on a weekly time frame so take this as a swing trade, can reach the target within a month or two.

This post is only for educational purposes, invest at your own risk. I can be wrong.

Edit: Market fell drastically due to the new covid strain news, technical analysis does not always work that is why it is necessary to put an SL, always keep in mind external factors like news, fundamental analysis, quarterly results etc. Still holding this trade and hope my SL will not be hit. Keep an eye on the news and think twice before taking any trades.