MARUTI INVESTMENT PICK TRADING ABOVE 200 SMA AND EMA

Looking at Maruti Suzuki India Ltd chart for 8-9 month time horizon we have found it bullish from lower level. Its taking strong support of 200 SMA & EMA. Buying can be initiate in the rang of 6700-6720


INVESTMENT RATIONALE:
TECHNICAL ANALYSIS

1) RSI showing buying single
2) Trading above 200 SMA & EMA
3) Trading with good volume

FUNDAMENTAL ANALYSIS

1) Company has reduced debt
2) Company is virtually debt free.
3)Company has good consistent profit growth of 24.90% over 5 years
4)Company has been maintaining a healthy dividend payout of 27.27%

Open to discus:
If you have any views please share


HAPPY INVESTING