Maruti Suzuki – Technical Analysis, Support and Resistance

The stock

is currently showing a short-term bearish structure on the daily chart. After facing resistance near ₹14500 the stock has formed a series of lower highs and lower lows and has corrected toward the ₹12200 zone. Recent price data also confirms the decline, with the stock closing near ₹12190 on September 22. Support & Resistance: Immediate support is around ₹12100–₹12150 followed by ₹11850–₹12000. A decisive break below ₹12100 can keep the bearish structure intact. On the upside, ₹12350–₹12400 is the first resistance zone, followed by ₹12500–₹12700. Short-Term Buyers & Holders View: For short-term buyers ₹12100–₹12150 is an important zone to monitor for price stability. A sustained move above ₹12400 with strong volume can indicate improving momentum. If ₹12100 breaks decisively, further weakness toward ₹11850–₹12000 cannot be ruled out. Holders can monitor ₹12100 support and ₹12400 resistance for the next directional move.