MarketExpertLive

MARUTI INVESTMENT PICK TRADING ABOVE 200 SMA AND EMA

Long
NSE:MARUTI   MARUTI SUZUKI IND
Looking at Maruti Suzuki India Ltd chart for 8-9 month time horizon we have found it bullish from lower level. Its taking strong support of 200 SMA & EMA . Buying can be initiate in the rang of 6700-6720


INVESTMENT RATIONALE:

TECHNICAL ANALYSIS

1) RSI showing buying single
2) Trading above 200 SMA & EMA
3) Trading with good volume

FUNDAMENTAL ANALYSIS

1) Company has reduced debt
2) Company is virtually debt free.
3)Company has good consistent profit growth of 24.90% over 5 years
4)Company has been maintaining a healthy dividend payout of 27.27%

Open to discus:
If you have any views please share


HAPPY INVESTING




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.