Maruti Suzuki – End of Countertrend ?
Maruti Suzuki 
MARUTI witnessed stiff resistance around 9100 levels today and closed even below 9000.
I can see that the stock was pushed down after retracing 76.4% of the previous downmove and has also formed an Evening Star pattern.
Good opportunity to short here with a small stop loss for a target in the 8500-8600 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
MARUTI witnessed stiff resistance around 9100 levels today and closed even below 9000.I can see that the stock was pushed down after retracing 76.4% of the previous downmove and has also formed an Evening Star pattern.
Good opportunity to short here with a small stop loss for a target in the 8500-8600 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Disclaimer
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