MARUTI 1 Month time Frame

📌 Current Price Context

The stock is trading near ₹16,600–₹16,750 levels (approximate latest market price).
52‑week high: ~₹16,818.
52‑week low: ~₹10,800.

📊 1‑Month Time Frame Key Levels (Support & Resistance)

🔺 Resistance Levels (Upside Targets)
Daily / Short‑Term
• R1: ~₹16,649–₹16,650 – First resistance zone based on pivot.
• R2: ~₹16,757–₹16,760 – Next upside likely supply area.
• R3: ~₹16,832–₹16,833 – Higher resistance near recent swing highs/upper pivot.

📈 Key level to watch: Above ₹16,830 could signal breakout continuation.

🔻 Support Levels (Downside Floors)
Daily / Short‑Term
• S1: ~₹16,466–₹16,470 – Immediate support zone.
• S2: ~₹16,390–₹16,420 – Secondary support cluster if first breaks.
• S3: ~₹16,320–₹16,330 – Lower pivot support for deeper pullbacks.

📉 Key breakdown area: Below ~₹16,320 may open deeper retracement into lower 1‑month range.

📊 Pivot Point (Central Reference)

Pivot (Daily/Short‑Term): ~₹16,574–₹16,576 – This mid‑point acts as neutral zone around current price action.

📌 1‑Month Outlook (What to Watch)
📊 Bullish Scenario

✔ Above ₹16,750–₹16,830 → Next focus towards ₹16,900+ range.
✔ Strong rejection off back‑to‑back support levels indicates buyers stepping in.

📉 Bearish Scenario

✔ Break & close below ₹16,400–₹16,320 → sellers gain edge, could test lower support near ₹16,200–₹16,000.