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Q.

Hi,
maruti Suzuki results seems disapponting.
Is this the right time to purchase this share for short to medium term?
Please let me know ur views and charts and fundamentals.

About: Maruti Suzuki India Ltd.

Tags: money, hi, medium term
Asked by narasimha, 25 Jul '10 09:47 pm
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Answers (2)

1.

Yes, Between 900-1000
Answered by Abhay, 30 Aug '10 12:21 pm

 
  
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2.

Mr Narsimha,

Purely From a Technical point of view.

The High in current rally of Maruti which started in December 2008 was at 1740.The Low was at 446.

50% retracement from current High is at 1093.

Maruti has very strong resistance at 1190.If it closes below this level for more than 5 trading
sessions then it will retest 1093 levels.Below that it can go all the way to 925. ...more
Answered by ashish, 01 Aug '10 02:12 pm

 
  
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