MARUTI trade ideas
Maruti good short candidateBearish wolf wave formation on daily time frame,, safe players wait for breakdown of rising wedge to go short,, risky players can short at cmp pre assuming that wedge will break and counter will follow path of bearish wolf wave,,
view gets negated on closing above recent highs,,
down side 10-15-20% fall possible,,,
MARUTI GO FOR LONG FALLING WEDGE PATTERN.....IF CLOSE ABOVE 5858 APPROX THAN GO FOR LONG
T1=5960 APPROX BOOK YOUR PROFITS AT THIS LEVEL FIRST AFTER BREAK OUT GO FOR LONG
T2=6050 APPROX
T3=6150 APPROX
T4=6250 APPROX
STOP LOSS = 5748
BETWEEN 5858 AND 5748 IS A SIDE WAYS ZONE .....
SELL BELOW 5748 APPROX IF GO DOWN ....
SL=5858 APPROX
T1=5650 APPROX
T2=5550
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HAPPY TRADING.....
MARUTI BULLISH MARUTI LOOKS BULLISH TO ME FORM HERE
BUY MARUTI ABOVE 6017 , SL 5920 TGT 6549
trading is highly risky business
above trades are no tips , they are my observation
any trade taken will be your own risk
i am not responsible for any profit or loss
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