New Entry Point in Maruti Suzuki Indial Limited
Maruti Suzuki India Limited formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. Most of Indians are familiar with this name maruti. This company doesn’t need any introduction. In India u will go any place u will find Maruti’s Car.. where maruti sells one in every two cars, .Company expect vehicle sales to rise 8% from a year earlier. This company is virtually debt free.
Above is Fundamental descriptions about Maruti Suzuki India Limited. It is perfectly supportive for Investment. Now we are going to check technical analysis of this scrip.
First we check daily chart of it. It had given breakout of short consolidation. It is already above ATR142. All moving averages are showing positive trend of scrip. If we check most popular indicators also all are in favour of positive trend. Before 3 days it had crossed Resistance 1 level and sustained position above it. So we can say if you miss earlier entry points of Maruti this is perfect time to enter in it. You can keep stop loss of previous month high level 6595. You can hold it for long term , as it has all things positive, or if you want to invest for short term this scrip will never disappoint you.
If we check Weekly and monthly chart of Maruti Suzuki India Limited. They are in positive trend since long time. In weekly chart it had given positive crossover of ATR142 in month of December. On Monthly chart. Scrip is in positive side since Jun’16.
Happy Investment. Invest in those companies that consistently growing.
- Anand Singh Gaur
- Sunil Kothari