Get started

MARUTI

MARUTINote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:MARUTI
by SENSITRADE_T
Maruti suzuki potential downside targetMartui Suzuki share price has started a News bear phase, which is indicated by Head and shoulders pattern and breakdown of neckline. During Wave A, it fell 11% from the top (A) and then retraced by 50% (B). It fallen again to 6900 giving 900 point gap Due to ongoing market condition, it retraced to 7300, which is a strong resistance line. It is yet to reach the zone of wave A indicating it is a correctional move. When it will start to fall again, the lower target will be 1.618 of wave A or 6200. Stoploss high of wave B 7745. Upside seems to be limited as up trends has lower volume as indicted by OBV graph. NSE:MARUTI2!
NSE:MARUTI2!Short
by suman6saha