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Price and trend forecast of MARUTI for Tomorrow, Weekly, Monthly

Maruti Suzuki India Limited

Symbol: NSE:MARUTI

ISIN: INE585B01010

12,906.10

As on 2024-05-27

9,222.00 (52W Low) 13,073.95 (52W High)

MARUTI's Today's Performance

Maruti Suzuki India Limited started the day by opening at 13,023.45 today 2024-05-27. Its shares reached a high of 13,058.50 and dipped to a low of 12,777.00 in intraday. When the markets closed, MARUTI’s stock price settled at ₹12,906.10 per share. Also check out its key support and resistance levels.

MARUTI Buy/Sell Targets

Tomorrow, sell MARUTI when its price reaches ₹ 12,906.10 with a stop-loss order at ₹ 13,073.86. You can set the target price as ₹ 12,738.34 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 13,051
Tomorrow Down Target 2 13,195
Tomorrow Down Target 3 13,332

Important Levels for MARUTI

Holding Levels Value in ₹
Tomorrow Up Target 1 12,769
Tomorrow Up Target 2 12,632
Tomorrow Up Target 3 12,488
Based on where the stock opens tomorrow, if MARUTI opens on a positive note, our first target will be ₹13,051. If Target 1 is achieved, we will aim for Target 2 which is ₹13,195.

But if MARUTI falls below the average value of ₹12,913.87, you can enter a sell side position with target number 1 - ₹12,769 and second target - ₹12,632 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 Decreasing 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 Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MARUTI is moderate bullish.

Tomorrow's Volume based share price Forecast for MARUTI

MARUTI's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -4%.

Reversal detection for MARUTI

Predicted trend chart of MARUTI tomorrow for price forecast
MARUTI may trend may continue to be bearish since stock is making lower low and we can get target of ₹12948 in morning tomorrow
Target 1 tomorrow13021
Target 2 tomorrow13088
Target 3 tomorrow13195
 

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 ₹13,050.73. If Target 1 is achieved, we will aim for Target 2 which is ₹13,195.37.

But if MARUTI falls below the average value of ₹12,913.87, you can enter a sell side position with target number 1 - ₹12,769.23 and second target - ₹12,632.37

MARUTI's Weekly Targets
1st Up Target 13,050.73
2nd Up Target 13,195.37
1st Down Target 12,769.23
2nd Down Target 12,632.37

As the week for MARUTI ended on bearish sentiments, we can expect further continuation of this sentiment. MARUTI's initial target will be 13,050.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 12,769.23 in the upcoming week.

Weekly OHLC Values
Open 13,023.45
High 13,058.50
Low 12,777.00
Close 12,906.10

Week for MARUTI started with an open price of 13,023.45, and the close was at 12,906.10. MARUTI reached the highest of 13,058.50 and dipped lowest up to 12,777.00 last week. This indicates a bearish sentiment for the week.

MARUTI full month swing targets
Monthly Up Target 1 13,332.23
Monthly Up Target 2 13,476.87
Monthly Down Target 1 12,487.73
Monthly Down Target 2 12,069.37

Targets of ₹13,332.23 can be expected to be reached in the coming month. Once MARUTI achieved this target, we can aim for the next upside target of ₹13,476.87.

MARUTI if fails to hold upside, down targets of ₹12,487.73 and ₹12,069.37 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 13,050.73 in tomorrow's trading session.

After achieving the initial target in MARUTI, we will aim for higher targets of 13,195.37 tomorrow.

However, if MARUTI starts to trade below ₹12,913.87, then we will shift our focus to the sell side and aim for down targets of 12,769.23 and 12,632.37.