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travellingtradermumbai

Bearish trend in hourly chart of Maruti

Short
MARUTI SUZUKI IND (NSE:MARUTI)  
travellingtradermumbai  
NSE:MARUTI   MARUTI SUZUKI IND
Trend Analysis Chart Patterns Bearish Patterns trade MARUTI sellsignal
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trendanalysis chartpattern bearish trade maruti sellsignal
The hourly chart (timeframe I use for intraday trades) of Maruti is clearly bearish.
Candles are trading below 50 SMA and the manual trend is bearish as well.
There is a support at 12500 so I will sell once this is broken for targets of 12200 with SL above 12600.

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