Maruti Short Term Positional Trade

https://www.tradingview.com/x/a0cJdYir/


There is a very strong and a capable demand formed, as per the Weekly chart and in order to reach this Weekly Demand Price has to come down, hence considering the Weekly Supply as a Source for the Temporary downtrend, we have Price reacting to the Weekly Supply

https://www.tradingview.com/x/wIxXqL98/

Price has closed below the Moving average which confirms selling pressure risen and we have a Fresh Supply formed offering some Reward.