Niftydirection

Maruti Suzuki Wave 4 sideways correction

Short
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NSE:MARUTI   MARUTI SUZUKI IND
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Maruti Suzuki has broken out of Weekly parallel in 17th Aug 2020 week which it formed since 18th Dec 2017 after hitting lifetime high
From march lows we are in ABC correction to weekly parallel channel and We look to have finished wave C or iii.

Wave iv going to be sideways correction till fib 0.236=6700 or 0.382=6300. In case deep correction 0.5=6000.

Stop Loss 7350 which is recent high
Kommentar:
Note downside levels given are good opportunity for long term. Its temporary correction once its over it go upwards.
Kommentar:
Target 1 6700 achieved. low 6590 today.
Trade geschlossen: Ziel wurde erreicht:
6312 low made today.

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