afzal_57

Maruti Suzuki Aggressive Entry

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afzal_57 Telah dikemas kini   
NSE:MARUTI   MARUTI SUZUKI IND
In the monthly, we see strong upmove towards the monthly level. Nothing so bearish.


Weekly is coming from the Monthly resistance. Also, we see a break in Trendline in the Weekly. Bias shifts towards weakness although there is a nice uptrend which may even continue further.

In the Daily, immediate trendline is broken and currently we are at a second pullback to test the 75 min resistance. The long term trendline is not yet broken. Overall, a moderate downtrend can be established.

75 min is giving me an interesting candle right now which is rejecting the Pivot and the trendline. The candle is not yet closed. But I would like to take an agressive short entry here.

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