Maruti has been in a strong Bearish trend since July 23, 2018.
The stock tried to hold 6900 levels for almost 3 weeks before breaking down further.
I can see a breakdown of an Inverted Flag pattern here.
Good opportunity to short for targets of 6600 and 6200 with a stop loss just above 6900.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
The stock tried to hold 6900 levels for almost 3 weeks before breaking down further.
I can see a breakdown of an Inverted Flag pattern here.
Good opportunity to short for targets of 6600 and 6200 with a stop loss just above 6900.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.