As of May 2, 2025, the 4-hour intraday chart for Maruti Suzuki India Ltd (NSE: MARUTI) indicates a bullish trend, with the stock trading at ₹12,257. The following support and resistance levels are derived from recent price action and technical analysis:
📈 4-Hour Intraday Support and Resistance Levels
Immediate Support Levels:
S1: ₹12,232
S2: ₹11,955
S3: ₹11,717
Immediate Resistance Levels:
R1: ₹12,806
R2: ₹13,261
R3: ₹13,717
These levels are based on recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support.
🔍 Technical Indicators
RSI (14): 64.81, indicating bullish momentum.
MACD: 215.3, with a signal line of 116.03, suggesting upward momentum.
MFI (14): 76.87, indicating buying pressure.
EMA (50): ₹12,553.90, with the stock trading above this level, indicating a bullish short-term trend.
EMA (200): ₹12,348.91, with the stock trading above this level, indicating a bullish long-term trend.
These indicators suggest a continuation of the bullish trend, with potential for further upside movement.
📊 Chart Patterns
A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹13,280, contingent upon sustained volume and price momentum.
⚠️ Important Notes
Risk Management: Always use appropriate stop-loss orders to manage risk.
Market Conditions: Intraday levels are subject to change based on market conditions and news events.
📈 4-Hour Intraday Support and Resistance Levels
Immediate Support Levels:
S1: ₹12,232
S2: ₹11,955
S3: ₹11,717
Immediate Resistance Levels:
R1: ₹12,806
R2: ₹13,261
R3: ₹13,717
These levels are based on recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support.
🔍 Technical Indicators
RSI (14): 64.81, indicating bullish momentum.
MACD: 215.3, with a signal line of 116.03, suggesting upward momentum.
MFI (14): 76.87, indicating buying pressure.
EMA (50): ₹12,553.90, with the stock trading above this level, indicating a bullish short-term trend.
EMA (200): ₹12,348.91, with the stock trading above this level, indicating a bullish long-term trend.
These indicators suggest a continuation of the bullish trend, with potential for further upside movement.
📊 Chart Patterns
A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹13,280, contingent upon sustained volume and price momentum.
⚠️ Important Notes
Risk Management: Always use appropriate stop-loss orders to manage risk.
Market Conditions: Intraday levels are subject to change based on market conditions and news events.
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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.
Related publications
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.