traderreborn14

Maruti to change trend.

NSE:MARUTI   MARUTI SUZUKI IND
Maruti has been going upward since 22 Oct. 7200 will act as good resistance as per data.

We can expect a selloff in next couple of days.

Targets as mentioned on the chart.

Play safe & Happy trade.

Note: Views only for educational purpose. Consult your financial advisor for any trade.
Trade active: Today Maruti added 100 points at the start and all were bullish and Market succeeded their.

Then it showed the real path. Luckily I shorted at top and closed more than 100 points in my bucket.

Maruti needs more correction. Hence stay away from buy as of now.

Comments

Maruti might touch 7600 soon.
+1 Reply
@aravindnc might go definitely up but my view is telling that their is possibility for short term correction here.
Reply
It can take support on target 1 or target 2
Reply
Is Marurti making an invertd head and shoulder pattern in daily time frame....if closes above 7200 then it may go till 8000....whats your view on this
+1 Reply
@Karu142 yes it is inverted H&S but neckline is 7200 which will act as resistance if broken it will go more up.But I expect a pullback in Maruti as it need correction to go up more.
Reply
IF CLOSES ABOVE RECENT PRICE 7315 CAN BREAK 52W HIGH
Reply
@CuteHania, yes very well it might go....
Reply
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