Maruti: about to enter into heavy supply zone
Maruti has strong supply zone in 7200-7300 levels & failed repeatedly to cross the zone & sustain.
There is a minor resistance zone on current levels around 6970-7000.
If it closes above this zone, go long till 7300 levels.
And if sustains & crosses the zone with good amount of volume - Target would be 7700.
If unable to sustain , short from 7300 levels
There is a minor resistance zone on current levels around 6970-7000.
If it closes above this zone, go long till 7300 levels.
And if sustains & crosses the zone with good amount of volume - Target would be 7700.
If unable to sustain , short from 7300 levels
Trade closed: target reached
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