Maruti _ trendline rejection

Maruti MARUTI has again been rejected at the long therm downward sloping trendline.

Also, Friday's large Bearish candle erased all of Thursday's gains and looks like there is a formation of an Evening Star like pattern.

The stock may reach earlier support levels of 6700 and 6500.

Good to short here with stop just above the trendline.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Chart PatternsTrend Analysistrendlinerejection

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