abhisek
Short

Maruti Suzuki at Resitance

NSE:MARUTI   MARUTI SUZUKI IND
After a decent pullback from its recent lows 5446.05 now at resistance at around 6300 level.
This makes an ideal short from today's closing price 6208.55 for a target of 5720 & 5450.
View negated above 6350 (Stoploss)
Aug 24
Trade active: opened at 6160.00
and made low of 6040.00
bounced to 6279.60 and closed at 6254.35

SL at 6350.00
Aug 26
Trade active: opened 6285 and high made 6466
low 6116 and closed at 6255.55

clearly not able to sustain at 6300 level
will exit only if closes above 6350.
Aug 28
Trade active: today open=high 6248
closing price 6103.40

trade is still active with SL 6350
Sep 03
Trade active: closing price 6049.70
low 6002.25
Sep 04
Trade active: closing price 5830.75
low 5800.00

nearing target 1-5720
Sep 16
Trade closed: stop reached
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