Maruti has given a clear breakdown from 7 months symmetrical triangle pattern. Please see below data sets:
1. Breakdown is confirmed after pullback and large red candle.
2. RSI and MACD are falling continously, which is a good indication.
3. Price could not sustain above 20, 50, 100, 200 EMA.
4. ADX has started rising.
5. Price has also broken Fib retracement important level which is 0.618%.
Note- This is for educational purposes, please consult your financial advisor before trading.
1. Breakdown is confirmed after pullback and large red candle.
2. RSI and MACD are falling continously, which is a good indication.
3. Price could not sustain above 20, 50, 100, 200 EMA.
4. ADX has started rising.
5. Price has also broken Fib retracement important level which is 0.618%.
Note- This is for educational purposes, please consult your financial advisor before trading.