Maruti Suzuki India Limited (MARUTI) Stock - Complete Technical Analysis - Nov 27, 2024

Maruti Suzuki Technical Analysis Support, Resistance & Trend Analysis MARUTI Stock Insights

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 (MARUTI) is currently trading at 11,058.35, reflecting a notable distance from its 52-week high of 13,680. Recent chart patterns indicate a bullish reversal, with a bullish engulfing followed by a morning star. Despite this, the stock's RSI at 40 and weak MACD suggest that upward momentum is still uncertain. Traders should watch for a breakout above 11,100 to target higher levels, but failure to maintain support at 10,870 could push prices down towards 10,500. The high ADX indicates strong trends, but volatility is high, making risk management crucial. Watch for price fluctuations, as ATR indicates a broad price range in the coming days.