abhisek

Maruti Suzuki at Resitance

Short
abhisek Updated   
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)
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
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.
Trade active:
today open=high 6248
closing price 6103.40

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

nearing target 1-5720
Trade closed: stop reached

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