Maruti could be on reversal from tops@5658 -it took out the channel marginally but reversed back within the channel so going forward below 5590- Maruti could be in pressure or wait for a bounce back between 5635-5645 for taking sells with stops above 5658.
We could be open in 5300-5325-- Below 5300 for 5050-5100 - Below 5035 Double Bottoms- Bhagwan Bachaye.
Lost 15 points & stop loss got hit -after a long time - entered in pullback for short trade between 5635-5645 with stops at 5660.
Likely, I will wait to see further price action & shall come back again
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw