-: Maruti suzuki :-

A Bullish Outlook Amidst Market Volatility

Maruti has been exhibiting bullish momentum in recent times, as evident from the chart. The stock has been trading above its key moving averages and has shown a consistent uptrend.

Technical Analysis:

  • Uptrend: The stock is clearly in an uptrend, having broken out of a consolidation phase.
  • Support and Resistance: The chart indicates significant support levels at 12,049.80 and 10,770.00. On the resistance side, levels at 12,192.40 and 12,391.15 are worth watching.
  • Fibonacci Retracement: The 38.2%, 50%, and 61.8% Fibonacci retracement levels from the recent swing low to high provide potential support and resistance zones.

Disclaimer: This information is for general knowledge and educational purposes only and does not constitute financial advice.

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