Maruti good shorting candidate

Maruti spot cmp 7460

Rising channel breakdown from demand line,, and now retest around 7800 levels.
Head and shoulder pattern formation,, right shoulder might complete around 7800 levels,,
Neckline of head and shoulder pattern around 7180-7240 levels,,
Good short candidate around 7800-7900 levels,, which would be completion of right shoulder for the pattern,,
or short below 7180 levels if sustain for20-30 mins below this levels ,,that is below neckline breakdown,,
down side levels of 6800 possible.. 2 consecutive close below 6800 would counter to level of 6200-6300,, which would be the final level for the complete the retracement of this current upmove..

View gets negated above 8026 on closing basis..
Good short candidate on rise.. or below breakdown of necline,,,

Zlecenie aktywne:

counter gave good short entry around 7800 levels and now trading below 7300
already 500 points in pocket
keep booking or trailing as per comfort

simple price action understanding can improve your mind set for trADING
just dont follow any one blindly keep learning

Zlecenie zamknięto ręcznie:

NOW AT 7200 HAVE PERSONALLY BOOKED TOTAL PROFIT

will wait for fresh clue to trade further

Transakcja zamknięta: osiągnięto wyznaczony cel:

Chart for maruti to go short around 7800 levels was shared around 7 feb 2021,, now have reached the final target of 6400,,

now this view is completed