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Nihit-Saxena

MARUTI - Breaking Down

Short
MARUTI SUZUKI IND (NSE:MARUTI)  
Nihit-Saxena Updated   
NSE:MARUTI   MARUTI SUZUKI IND
Trend Analysis Chart Patterns Technical Indicators MARUTI short support Support and Resistance breakdown breakout MFI Open Interest
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trendanalysis chartpattern indicator maruti short support supportandresistance breakdown breakout mfi openinterest
If you ask me, it looks bearish as it broke resistance and failed retest, then retested new resistance and now validated it and remains below 7330.
Earnings are also in and the emotion is bearish.
All levels in the chart.

High OI at 7000. Once that is broken, we could see price drop fast.
MFI pointing down.

I would target 6850, and trail below.
Would definitely stop above 7335

Lets see.
Comment:
Broken down through 7000 and broken down well.
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