Price and trend forecast of MARUTI for Tomorrow, Weekly, Monthly
Maruti Suzuki India Limited
Symbol: NSE:MARUTI
ISIN: INE585B01010
12,605.75
As on 2024-10-04
MARUTI's Today's Performance
Maruti Suzuki India Limited started the day by opening at 12,689.90 today 2024-10-04. Its shares reached a high of 12,877.85 and dipped to a low of 12,512.50 in intraday. When the markets closed, MARUTI’s stock price settled at ₹12,605.75 per share. Also check out its key support and resistance levels.
MARUTI Buy/Sell Targets
Tomorrow, sell MARUTI when its price reaches ₹ 12,605.75 with a stop-loss order at ₹ 12,809.33. You can set the target price as ₹ 12,402.18 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of MARUTI for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for MARUTI
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 12,818 |
| Tomorrow Down Target 2 | 13,031 |
| Tomorrow Down Target 3 | 13,184 |
Important Levels for MARUTI
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 12,453 |
| Tomorrow Up Target 2 | 12,300 |
| Tomorrow Up Target 3 | 12,088 |
Based on where the stock opens tomorrow, if MARUTI opens on a positive note, our first target will be ₹12,818. If Target 1 is achieved, we will aim for Target 2 which is ₹13,031.
But if MARUTI falls below the average value of ₹12,665.37, you can enter a sell side position with target number 1 - ₹12,453 and second target - ₹12,300 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of MARUTI
Looking at MARUTI, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, MARUTI has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MARUTI is moderate bearish.
Tomorrow's Volume based share price Forecast for MARUTI
MARUTI's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -4%.
Reversal detection for MARUTI
MARUTI may trend may continue to be bearish since stock is making lower low and we can get target of ₹12796 in morning tomorrow
| Target 1 tomorrow | 12805 |
| Target 2 tomorrow | 12891 |
| Target 3 tomorrow | 13031 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with MARUTI's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if MARUTI opens on a positive note, our first target will be ₹12,818.23. If Target 1 is achieved, we will aim for Target 2 which is ₹13,030.72.
But if MARUTI falls below the average value of ₹12,665.37, you can enter a sell side position with target number 1 - ₹12,452.88 and second target - ₹12,300.02
MARUTI's Weekly Targets
| 1st Up Target | 13,233.00 |
| 2nd Up Target | 13,860.25 |
| 1st Down Target | 12,245.50 |
| 2nd Down Target | 11,885.25 |
As the week for MARUTI ended on bearish sentiments, we can expect further continuation of this sentiment. MARUTI's initial target will be 13,233.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 12,245.50 in the upcoming week.
Weekly OHLC Values
| Open | 13,343.55 |
| High | 13,500.00 |
| Low | 12,512.50 |
| Close | 12,605.75 |
Week for MARUTI started with an open price of 13,343.55, and the close was at 12,605.75. MARUTI reached the highest of 13,500.00 and dipped lowest up to 12,512.50 last week. This indicates a bearish sentiment for the week.
MARUTI full month swing targets
| Monthly Up Target 1 | 14,220.50 |
| Monthly Up Target 2 | 14,847.75 |
| Monthly Down Target 1 | 11,258.00 |
| Monthly Down Target 2 | 9,910.25 |
Targets of ₹14,220.50 can be expected to be reached in the coming month. Once MARUTI achieved this target, we can aim for the next upside target of ₹14,847.75.
MARUTI if fails to hold upside, down targets of ₹11,258.00 and ₹9,910.25 can be achieved by end of this month.
For complete three weeks if MARUTI is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as MARUTI
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
MARUTI is expected to reach the target of 12,818.23 in tomorrow's trading session.
After achieving the initial target in MARUTI, we will aim for higher targets of 13,030.72 tomorrow.
However, if MARUTI starts to trade below ₹12,665.37, then we will shift our focus to the sell side and aim for down targets of 12,452.88 and 12,300.02.