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MARUTI

Maruti Is Almost Out Of Fuel For Further UpsideMaruti Suzuki India Ltd (NSE: MARUTI) is about to get into a Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 8115 . If it penetrates decisively below this zone on a one-hour closing basis, then we might see the sellers dominating the market. For Short-term targets, traders should eye on 7935 Zone and then 7800 , being the next support level. For Swing Traders, 7475 Zone will be very critical. Below which we there could be a complete dominance of the sellers. Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a 56.21%-owned subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.
NSE:MARUTIShort
by TFTIndia
Maruti - Doji with Bearish Divergence (Sell)I have observed three doji candlesticks, that denotes consolidation or distribution, where previous buyers book profit or distribute their shares. It is at the level of selling or resistance. I believe it is a good time to short it now at minimum risk size and also at this point where Nifty is also looking bearish. Further 3 points noted: 1. Doji formation with bearish divergence 2. Shrinking of volume levels with increasing prices, signals trend change, for this one, a bearish signal. 3. Double Top with bearish divergence. Above points make me think that it is a good sell, with a stoploss of 4238 (1.28%) and target of 3922 (6%)
NSE:MARUTIShort
by NeeteshJain