tnitrader

MARUTI IN DANGER ZONE

NSE:MARUTI   MARUTI SUZUKI IND
MARUTI this week has enter in a danger zone of 8220 to 8400. On weekly chart it has become very week and is on a verge of major breakdown below 8220. If it closes below 8220 then it has potential to slide upto 7400 levels in next few months. It might get little support around 8100 levels but any close below it will break it. To be out of this danger zone it needs to stay above 8220 levels.



Disclaimer: this view is for education purpose to study market behaviour. It is no recommendation to buy , sell or hold .
Comment: maruti is closing below 8100 and now it has become very weak and has full potential to go down to the levels of 7500
Comment: maruti has come to our target zone of 7400 to 7500 zone. Now it close below 7400 then maruti can see levels of 6800 in next few weeks. Overall maruti is week
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