Maruti good short candidate
Bearish wolf wave formation on daily time frame,, safe players wait for breakdown of rising wedge to go short,, risky players can short at cmp pre assuming that wedge will break and counter will follow path of bearish wolf wave,,
view gets negated on closing above recent highs,,
down side 10-15-20% fall possible,,,
view gets negated on closing above recent highs,,
down side 10-15-20% fall possible,,,
Trade active
Maruti from 6100 to 5750 doneee,, keep booking and trailing as per comfort,, will not be able to update every time so manage trade accordingly
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.