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anuragcoma15
Sep 24, 2017 3:05 AM

Maruti is ready for correctionn Short

MARUTI SUZUKI INDNSE

Description

NSE:MARUTI is ready to give some correction
Maruti shows declining MACD, which is ready to give a crossover

CMP - 8068
Sell maruti with target off 7900 / 7750 / 7500
SL - 8200

Trade active

First target me within a day!
Wise to book partial profit here due to uncertain market. Stock may take support at first trend line (7825) and eat some time before making further move. Keep an SL of 8040

Comment

CMP - 7735
Broke the first support line and reach the second target of 7750 .
stock is on for 3rd target of 7500
Keep SL of 7850

Trade closed: target reached

Hope all exited at 7850

Profit -> 8068 - 7850 = 118
If you trade in 1 lot then your profit is 118 x 150 - 17700
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