Maruti Suzuki displays a strong sell bias across all 12 moving averages (MA5-200) with price at ₹12,399 below key levels, confirming downtrend continuation. Technical indicators reinforce weakness: RSI(36.36 sell), MACD(-31.47 sell), CCI(-98 sell), though STOCH(91.91 overbought) and Williams %R(-10.37 overbought) hint at potential short covering bounce. Pivot support at ₹12,360-12,380 with resistance ₹12,440-12,460; break above ₹12,460 needed for relief rally, else downside to ₹12,300 possible.
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