Maruti has already retraced more than 38% from the top. Long term support zone at 6450-6400 which it held in two occasions in last few months. Short term support seen at 6250-6300 levels which can be treated as the stop-loss zone. RSI divergence is prominent in the stock.
Idea: Buy Maruti around 6400-6450 range with a a strict stop loss of 6250-6300 zone.
Nifty has contributed Negatively to the index with Price is 14,708.85 and Change -169.4 whereas Maruti are positive contributor to the index with price 6840 and percentage change is 1.07.
Data source Quantsapp"
AvikDas_1984
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@tianagwani, Sure... Market movement is always price dependent.
Data source Quantsapp"