Maruti.. time for reverse gear??

Maruti a potential short.. as it couldnt cross the resistanc emarked by the blue line..

NOTE: this is my own your due diligence..
Comment: short covered.. 7150 to 7020 (cash levels) ..
On very long time frame i would say that auto sector as a whole going to have a terrible time in coming years, i'm old enough to remember in 06-07 construction companies were all the craze and i'm having feeling that this could repeat with auto sector this time.
+1 Reply
mklives French_Fries
@French_Fries, yes i do agree, since maruti is a large cap and a better business than others it hasnt shown the beating like other smaller ones..
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