MARUTI trade ideas
MARUTI SUZUKI IND : SHORT CALL Hi friends,
I have work on maruti suzuki 1D chart. We have a descending trendline here. It is declined the fourth time.
The stock may retrace more to touch the previous support line.
- Short : 8965
- sl : 9115
- Target : 8639
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Always do your own research before entering the trade.
Thank you.
Maruti Is Almost Out Of Fuel For Further UpsideMaruti Suzuki India Ltd (NSE: MARUTI) is about to get into a Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 8115 . If it penetrates decisively below this zone on a one-hour closing basis, then we might see the sellers dominating the market.
For Short-term targets, traders should eye on 7935 Zone and then 7800 , being the next support level. For Swing Traders, 7475 Zone will be very critical. Below which we there could be a complete dominance of the sellers.
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a 56.21%-owned subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.