Maruti Suzuki: Why the stock looks so weak now

Fundamental news: Maruti Suzuki is not facing a sudden business collapse. Domestic passenger-vehicle sales have remained strong, but exports have been weaker. The bigger concern is the changing Indian car market, with customers increasingly looking at SUVs, hybrids, CNG and EVs. Competition has also increased, putting pressure on Maruti’s market share and growth expectations. Technical outlook: The chart is clearly weak. Maruti has broken its rising trendline and is trading below the 20 EMA, 50 EMA, 100 EMA and 200-day moving average. RSI is around 25, showing an oversold zone, while MACD remains below the signal line, indicating weak momentum. However, oversold RSI alone does not confirm a reversal. ₹12,000–₹12,100 is an important support zone. A decisive break below this area can keep the pressure intact. On the upside, ₹12,450–₹12,500 is the first level to watch, followed by ₹12,800–₹13,000. My view: Maruti is technically weak in the short term, but the business picture is not equally weak. Strong domestic demand is a positive, while export weakness, changing customer preferences and rising competition remain concerns. The ₹12,000 zone will be important to watch for the next move. Disclosure: I or my family do not have any financial interest or position in Maruti Suzuki. Educational content only.