MARUTI ::: SHORT09 MAY 2020
INSTRUMENT: MARUTI
TIME FRAME: WEEKLY
OTHER TIME FRAMES FOR CONFIRMATION:
2 HOUR, 3 HOUR, 4 HOUR, DAY, WEEK & MONTH
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
Technical levels
CMP: 4654.15
Sell below: 4646
SL: 4669
TARGET 01: 4619
TARGET 02: 4593
My analysis of MARUTI is expected to continue its downtrend for some time now. On weekly timeframe Stochastic has just become bearish. Whereas in the day time frame it is clearly bearish.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
