MARUTI SUZUKI Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong fibonacci retracement resistance at current levels, further strength expecting once Maruti closes above 2978. (Updated on 17th September 2014, Wednesday).

MARUTI SUZUKI

• As per previous report published on Maruti Suzuki, stock showed good bull rally after breaking its resistance @ 2675 and after that Maruti made a high around 2950. (Click here to see previous report published on MARUTI SUZUKI).
• As per chart no1, Maruti is facing 261.8% fibonacci retracement resistance at current levels, this indicates once stock closes and stays above 2978 then further strength is expecting. Stock can see some correction if trades below 2978 for long.
• Also See - ITC monthly chart indicates Doji candle formation, sharp movement expecting once ITC closes above trend line resistance.
• Intraday tips - We can see some intraday bulls action once Maruti holds above 2978 with volumes during trading hours, closes watch.
• As per stock analysis chart no2, Maruti is trading above 20 DMA, as long as trades above bulls will be favored, but once closes below 20 DMA then stock will show first sign of weakness.
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• If stock gets correct from current levels then on down side will find fibonacci retracement support around 2865, 2790, 2730 & 2680 as shown in chart no3.
• Click here to see all the trading reports (tips) published by us on MARUTI SUZUKI.
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