Short Setup in Marico Futures

7 oct. 2023Trend - Negative
If the price sustains below 541.40 then it could see the levels of 525 and then 510

• The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level.
  
• A strong bearish crossover near an important level of 28.60% (Fib retracement).
  
• The breakdown of the Bollinger band
  

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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Thanks
Er. Simranjit Singh Virdi