Chart Of The Day – Maruti Slips Below Rs 7,000; Hits 52-Week Low

Maruti slipped 4.1% today on above-average volume. The stock closed below Rs 7,000 for the first time since July 2017. It extended its losing streak to six weeks and closed 32% below its all-time high. With a weak Price Strength Rating of 42 and poor Buyer Demand Rating, Maruti Suzuki has breached all key support levels.

Maruti Suzuki India_MarketSmithIndia