Maruti Suzuki share price analysis 2014

Maruti Suzuki share price analysis 2014

Maruti Suzuki stock short term technical view

Maruti Suzuki stock on last trading session closed at 2742 with loss. On daily chart, stock is in absolute uptrend with strong buying momentum. Rally was started at 1650 level and given gains of almost 70% in very short time for traders. From short-term view, major support is at 2490 rupees but above 2640, short-term traders must keep buy on dips view for stock and expect targets of 2870 and then 2995 in next 1 to 3 months period. On downside, 2640 and 2520 are small support areas and important stop loss levels for traders.

Maruti Suzuki stock medium term technical view

Maruti Suzuki stock on weekly chart is showing strong rally and closed with gains in this week. This was forth week of gain for stock. From medium term view, stock has support around 2440 and then 2030. Above 2030, medium term outlook for stock will remain bullish and every major correction will be accumulation opportunity. Stock has given medium term bullish breakout around 1400-1500 zone and now almost double from that level. On upside 2850 and then 3250 are targets for next 6 to 12 month period. Out of which 2850 is in sight so expect it in short time.

Maruti Suzuki stock long term technical view

Maruti Suzuki stock in last 6-month period has given 64% returns to investors. from long term view, 2900-3000 is major area to watch is stock gives monthly positive close above it then expect very sharp and long term bull market for stock with price targets 4100 to 5000 in next 2 to 3 years period. On downside, 1600-1700 rupee is major support zone for investors. On downside, 900 rupee was best buy zone, which was seen in 2011, and below it 400 rupee was undervalue zone, which was last seen in 2005. Long-term investors must book some stake around 2800-2900 and hold others with trailing stop loss for targets of 4100 and above.

Maruti Suzuki company description

Maruti Suzuki India Limited (MSIL) is engaged in the business of manufacture, purchase and sale of motor vehicles, automobile components and spare parts (automobiles). The other activities of the Company consist of facilitation of pre-owned car sales, fleet management and car financing. The Company’s portfolio includes the Maruti 800, Alto 800, Alto K10, A-star, Estilo, WagonR, Ritz, Swift, Swift DZire, SX4, Omni, Eeco, Kizashi, Grand Vitara, Gypsy, Ertiga and Stingray. The Company’s services include Finance, Insurance, Maruti Genuine Accessories, Maruti Genuine Parts, Maruti Driving School and Autocard. The Company’s subsidiaries include Maruti Insurance Business Agency Limited, Maruti Insurance Distribution Services Limited, True Value Solutions Limited, Maruti Insurance Agency Network Limited, Maruti Insurance Agency Solutions Limited, Maruti Insurance Agency Services Limited, Maruti Insurance Logistic Limited and Maruti Insurance Broker Limited.

Maruti Suzuki stock fundamental ratios
Range2,729.00 – 2,767.90
52 week1,215.00 – 2,771.00
Open2,756.00
Vol.192,631.00
Mkt cap831.96B
P/E    –
Div/yield12.00/0.43
EPS
Shares302.08M
Beta
Inst. own

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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