nextgen
Short

Maruti Suzuki to continue down trend.

NSE:MARUTI   MARUTI SUZUKI IND
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3
Maruti Suzuki has been trading in downtred and slid very sharp in three days, and I seems to be consolidating from the start of the week and gradually formed a bearish pennant which it may break tomorrow and head to target of somewhere between 4210-4200. traders may go short in Maruti Suzuki as is not looking strong enough to make breakout upward, first target may be around 4583 and if breaks this level the next is 4210 in near term.

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