MARUTI
Another Triangle is ENDING!!!!!!Hey guys, YOu can see that a short triangle is coming to its end in 1H candle chart. So, it is strongly advised to wait tomorrow after opening bell for atleast 2 hours as, prices may be open at a low price or will go down if opened high. Then, we can enter into buy or sell position because a large candle is expected to be formed i.e triangle breakout.
If prices go up buy at 6850 and TP at 6910-6920. If go down sell at 6630 and TP at 6550-6540.
A move down on the Daily.Nikkei is now continuing what seems to be the second half of the possible wave C. I am assuming that Nikkei is in a weekly 'Running Flat' pattern, where the C has already started. The last few days was the consolidation for the continuation to the down side. It looks highly likely that Nikkei will go down and make a lower low on the daily . Would it have an impact on NSE:MARUTI ? Well..