Maruti on daily time frame- Sell

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.
Technical IndicatorsTrend Analysis

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