MARUTI SUZUKI INDIA LTD.
Short

MARUTI ::: SHORT

100
09 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.

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.