Maruti has given a clear breakdown from 7 months symmetrical triangle pattern. Please see below data sets:
1. Breakdown is confirmed after pullback and large red candle. 2. RSI and MACD are falling continously, which is a good indication. 3. Price could not sustain above 20, 50, 100, 200 EMA. 4. ADX has started rising. 5. Price has also broken Fib retracement important level which is 0.618%.
Note- This is for educational purposes, please consult your financial advisor before trading.
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