Maruti suzuki is at an important support levels. Holding 7000

Nov 20, 2019

MARUTI SUZUKI IND: After a splendor rally from lows to 7830 levels the stock pulled back a little after taking hit at a resistance point. In the last session it created a narrow range candle & closed positive for the day. The RSI took support near the 40 levels and MACD is well above zero into bullish zone. Holding 7000 on closing basis will be positive for the stock. Giving away the levels may pull the price down to 6600 levels.