Maruti Suzuki – Technical Outlook

Maruti Suzuki has shown a strong bullish recovery after taking support near the 12,250–12,300 zone. The stock has now broken above its short-term moving averages (20 & 50 EMA) and is trading around 14,069, indicating improving momentum. RSI has moved above 60, suggesting strengthening buying interest without entering extreme overbought territory. The stock has also reclaimed the middle Bollinger Band and is now approaching the upper Bollinger Band, reflecting increasing bullish momentum. A decisive close above the immediate resistance at 14,100–14,150 can trigger fresh buying and open the door for an upside move towards 14,400, followed by 14,800 (near the 200-DMA), which remains the next major resistance. On the downside, 13,800–13,900 is the first support zone. Holding above this range will keep the short-term trend positive. A breakdown below 13,550 may weaken the momentum and could lead to profit booking towards 13,250. Overall, the chart suggests that Maruti Suzuki is attempting to reverse its recent downtrend. Sustaining above 14,100 on a closing basis would strengthen the bullish outlook, while crossing the 200-DMA near 14,800 would confirm a medium-term trend reversal. Until then, traders may adopt a buy-on-dips strategy with strict stop losses. $MARUTI