From TradingView · · 1m
Maruti Suzuki Stock at March Lows
Maruti Suzuki stock returns to March lows, testing double bottom zone for potential rebound.
In brief
Maruti Suzuki stock returns to March lows, testing double bottom zone for potential rebound. Maruti Suzuki stock is testing a key support zone near 12,120, 12,200 after falling 16% from early August highs, with a potential rebound to 12,860 if it holds. Originally reported by TradingView.
Maruti stock drops 16%
Maruti Suzuki stock fell 16% from early August highs of 14,500 to around 12,120, 12,200 after a sharp decline in early September.
Double bottom zone tested
Price is now testing the same zone where it bottomed in March, with a support cluster at 12,122, 12,184.
Selling slows near support
The last few candles are small and sideways, suggesting selling pressure is easing as price approaches the support cluster.
Key target levels
If Maruti holds 12,120, 12,200, a rebound to 12,860 is possible with target 2 at 13,440, 13,540.
Invalidation point
A daily close below 12,120 would break the March low support, potentially opening further downside.
What to remember
Maruti Suzuki stock is testing a key support zone near 12,120, 12,200 after falling 16% from early August highs, with a potential rebound to 12,860 if it holds.
