Akshay15
Short

Raising caution flag on Maruti Suzuki.

NSE:MARUTI   MARUTI SUZUKI IND INR5
35 3 2
Company reported strong results for this quarter but stock failed to rally further & witnessed selling pressure at higher levels one should short once the trend line breaks.
There is also spinning top formation on daily chart with increased volume which suggests reversal may be on the cards.
My friend... your chart reading does not cash in the amount of high it made to the results from 22nd october 2016 It had already cashed in the stellar results from 5654 to 5948... u need to give time for the traders/ investors to book profits and then see the tequila shot... picture ab baki hai mere bhai... look for targets of 6300 to 7300 in fy 2016-2017 the charts are saying that... hope u concur... take care
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Akshay15 tradedday
It's good for me that not everyone is agreeing to my view, I just know i am shorting it & it's good to see that not everyone wants to short.
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shorted maruti on muhurat day @5903 which means it's negative carry trade but i know for sure that i am going to make some money here
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