Learn2Earn

MARUTI SHORT OPPORTUNITY

Short
NSE:MARUTI   MARUTI SUZUKI IND
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2
After demonitisation maruti has recovered on charts.
but the fundamental consumption problem persists.

On charts as well- Maruti opened on gap downs two times last month. Now last of these gaps are filled at 5675 and the market is hitting horizontal resistance lines as well hitting upward trend channel resistance.

It's nice time to mint some money from shorting Maruti

Entry - 5675-5687.
Stop loss - 5720
Target1 - 5596
Target2-5500


It may drop more but that is solely on the risk levels of trader.

Regards,
Learn2Earn
Comment: Trade Active
Trade closed: stop reached: Stop Triggered....Nifty fell Intraday only after hitting entry levels but recovered soon. Trade closed.
Comment: * Maruti not Nifty

Comments

Stop Loss trigerred. Can we take position near stop loss tomorrow for shorting??
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Learn2Earn venkaticr
@venkaticr, We will be looking for weakness in NIFTY before taking short in Maruti...Since Nifty is appearing bullish at present, we are not recommending any short at current levels in any stock.
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venkaticr Learn2Earn
@Learn2Earn, Thanks
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