Maruti's break failed at 7000!
MARUTI SUZUKI: The stock was holding support levels for last few sessions, in today’s move it broke down from an important pivot and negated the bullish view. Now the stock is expected to remain sideways to down for a couple of weeks. The RSI is close to 40, which may result into some bounce, till 7000 levels. This level will now serve as a resistance instead of a support. The stock may head to 6600 levels in the coming weeks.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
prorsi.com
MFTA,CMT,CFTe,MSTA
prorsi.com
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