Technical Analysis – Maruti Suzuki – 14 Feb 2010
Maruti Suzuki (Rs 1,355.2) – Maruti was in a gentle decline last week and closed lower in three out of the last four trading sessions. The stock is currently holding just above its 200-day moving average at Rs 1,335. A rebound from these levels will take it higher to Rs 1,390 or Rs 1,430. Fresh long positions are recommended only on a close above the second resistance.
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