Amit4khare

Maruti cash positional view

Long
NSE:MARUTI   MARUTI SUZUKI IND
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Maruti cash cmp 6511 yearly chart (155: 2003 to 9996:2017), 38.20% Fibonacci No is 6236 - 6200, according to me Maruti overall trend will be negative if close below 6200(weekly basis).

Probability No. 1:- buy at cmp 6533 stop loss below 6200(weekly basis) target 7700. if weekly close above 7700 then next possible level 8550.

Probability No. 2:- If close below 6200 (weekly basis) then next possible level 5075(50% level) and 3914(61.8% level).

My Positional view on Maruti cash for Education purpose only.