Viduthalai
Long

MARUTI - BUY

NSE:MARUTI   MARUTI SUZUKI IND
Buy above 9410
Target 9522
SL 9272
Trade active
Trade active
Trade closed: stop reached
Trade closed: target reached
Comment: Mistakenly updated as Stop reached.
Since the high it made last month....it's been making lower lows and lower highs.
Even the high it made a few days back was on a bearish lookin pinbar where it closed towards the lower end of the range.

Looks to be heading further lower based on price action but as they say....Markets have a mind of their own and wouldn't
suprise me if this so called bearish looking set up leads to a positive one.

Actually one can also say.....this is a flag building formation in play so that way the set up looks to be positive.
Reply
Viduthalai whrzmaalpha
@whrzmaalpha, Yes true sir. taking rest after a huge run-up. Let us wait for its Q3 result scheduled on this 25th and see. what is your view on the result.
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