Maruti-Hanging by a thread

Maruti at support and forming bearish bat pattern on weekly charts. Already closed below 200 EMA on daily charts. This can move towards 4600 levels in the coming months considering the results were not very good for the quarter.

Any close above 7700 levels on weekly close basis will invalidate this pattern.

It is going to be sell on rise going forward until i see a big candle with volumes on the buy side.