Medium term bearishness in Maruti: Vinith Jain, Siddh Capital

Vinith Jain, Director, Siddh Capital, in a chat with ET Now talks about Maruti.

What is your take on Maruti on the charts?

Maruti has been forming lower high since October last year. So this pattern suggests a medium term bearishness on the stock and I would still be a seller on the stock on rise. I see a quite a lower target here at 1100 to 1115 and at least not to buy the stock at even at current levels.