HumbledByMarket

Second triangle breakdown - 500 / 1400 levels

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NSE:MARUTI   MARUTI SUZUKI IND
Lookout for long term consolidation in Maruti in next two months. Short @ 6400 and target buy level @ 5050. Initial descending triangle breakout couple of months ago failed at resistance ( yellow line ) and current price near breaking support 6400. In this range no hormonics patten (M/W) with significant ratio confirms this pattern. Wait for price to close below 6400 and take call.
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