Hello,
Maruti stock is trading in monthly time zone and clearly is in downtrend with making higher high and higher low and recently its decisively break the monthly support and took the rest at daily support range. now it will retrace till the monthly support zone and monthly support zone will react as a resistance for the retrenchment . after that it will continues his downtrend.
Will make the position after the rejection at monthly support. Will see how it works.. This can be our swing trade ..
Regards,
Satish
Maruti stock is trading in monthly time zone and clearly is in downtrend with making higher high and higher low and recently its decisively break the monthly support and took the rest at daily support range. now it will retrace till the monthly support zone and monthly support zone will react as a resistance for the retrenchment . after that it will continues his downtrend.
Will make the position after the rejection at monthly support. Will see how it works.. This can be our swing trade ..
Regards,
Satish
Note
Correction :- typo its lower high and lower low
Trade closed: target reached
Target reached in Maruti ... Closed position
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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.