yedzzzz
Short

Maruti - Bat Pattern

NSE:MARUTI   MARUTI SUZUKI IND
149 4 3
We can expect the following targets:

T1: 5419
T2: 5264

SL: 5950
Trade closed: stop reached
I agree but only when nifty go down
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yedzzzz goel.rajesh.aditi
@goel.rajesh.aditi, NIFTY is also looking just about to be completing a bearish harmonic. So we can expect NIFTY also to follow suit soon.
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@yedzzzz, I am also expecting this but bugdet is very near so I am expecting a move of 400 points in nifty in either side so it is better to buy a put of 5700 of maruti. This is my opinion I may be wrong
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yedzzzz goel.rajesh.aditi
@goel.rajesh.aditi, I feel that there will always be reasons for turbulence in the market (demonetization, Trump, budget, elections etc.). However, as technical analysts and traders all we can do is try identifying patterns based on what the market is trying to tell us and be disciplined with our trades. For me getting out at the earliest if a trade isn't going my way is absolutely critical. There's always other fish in the sea. ;-)

Let's wait and watch where Maruti & NIFTY takes us this week! :-)
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