Maruti has respected our analysis and gave a sharp U turn.
Most of the traders were bullish once 7200 was crossed but I remained bearish & waited to short at right time. Hence reaped the fruits. Hoping others got benefitted too.
Market will try to change your view on it by giving some fake breakouts but you should remain stiff and have faith on your analysis.
That does not mean you do not work without stoploss but keep strict stoploss if you think something skeptical.
Yesterday I caught 100 points and today 200 points by having faith in my analysis and Market awarded me.
Target 1 just missed by 40 points as it took support @ 6988 and my support was 6944.
I still expect it to reach 6944. Let's see.
Below the trendline Maruti is good for shorting at right opportunities.
If Target 1 breached successfully in 1 hr timeframe with two bearish candles then it will try to reach Target 2.
Play safe & Happy trade.
Note: Views only for educational purpose. Consult your financial advisor for any trade.