Maruti Suzuki India Limited (MARUTI) Stock - Complete Technical Analysis - Dec 12, 2024

Maruti Suzuki Technical Analysis Price Drops, Bearish Pattern & Support Levels - Trading 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) has been showing some weakness, trading at 11,167.40, which is 18.37% off its 52-week high. The stock is witnessing bearish momentum, with the recent bearish engulfing pattern signaling potential downside. The Relative Strength Index (RSI) remains neutral, and the Stochastic RSI is showing some strength, but overall the stock is trading below key Exponential Moving Averages (EMAs), confirming the bearish trend.

Support levels to keep an eye on are near 11,078 and 10,500, while resistance is located at 11,300 and 11,500. The Average Directional Index (ADX) shows a moderate trend, meaning the current trend lacks strong momentum. ATR indicates volatility, suggesting that the stock may fluctuate further. Investors should be cautious, especially if it tests the key support levels or resistance.

The stock is experiencing consolidation, with the Awesome Oscillator showing positive momentum, signaling a possible shift in the market if resistance is broken. Keep an eye on these levels for potential price action to make informed decisions. Whether you're trading short-term or long-term, watch for confirmation on the next move.