Maruti Suzuki India Limited (MARUTI) Stock - Complete Technical Analysis - Sep 03, 2024

Maruti Suzuki Technical Analysis: Key Levels, Indicators

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Maruti Suzuki India Limited, trading at 12,397, has shown a blend of bullish and bearish signals across various technical indicators. The Average Directional Index (ADX) is at 14.44, indicating a weak trend, while the Relative Strength Index (RSI) sits at 50.39, suggesting a neutral momentum. The Stochastic %K is at 65.24 and the Stochastic RSI is at 73.6, both hinting at an overbought condition. The MACD is negative, signaling a bearish trend. On the other hand, the Awesome Oscillator is negative, reinforcing the bearish sentiment.

Support levels are indicated by the Classic Pivot S1 at 11,727, while the resistance is marked by Classic Pivot R1 at 13,379. The stock is currently below its Ichimoku Base Line, which stands at 12,853, suggesting it could face resistance at higher levels. The 50-day and 200-day Simple Moving Averages are both higher than the current price, which could act as resistance. The Volume Weighted Moving Average is at 12,311, and the Hull Moving Average at 12,440, suggesting that if the price crosses these levels, it could signal a bullish trend.

Overall, while Maruti Suzuki's current technical indicators show mixed signals, with bearish tendencies predominating, traders should watch for potential resistance at higher levels and support around the lower end.