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anandlive
Oct 29, 2023 12:27 PM

Maruti - Next Move? Short

MARUTI SUZUKI INDNSE

Description

The stock price has been moving in a parallel channel in recent weeks. Can expect it to come to the lower side now. Also, a retest of the breakout at 10k levels seems due.
Other indicative actions are mentioned on the charts.
Risk-reward is good according to the setup.
Only for learning and understanding purposes, not a it of trading advice in any form.
All the best.

Comment

The setup worked well. In intraday itself, the price dropped to 10260. keep watching.

Trade active

The momentum continues. Currently 10227. keep tracking.
Comments
ahambrammaasmimuthoo
maruti my view this month low 8200-7700 levels
ahambrammaasmimuthoo
maruti will be a good deewali sale towards 8200-7700
anandlive
@ahambrammaasmimuthoo, in my view If it goes below 9900, may reach 9300.
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