Thread by @BloombergQuint

Institutional holding in Maruti Suzuki has remained steady at around 30%.

The lay investor too has nothing but a positive view.

The long-term chart picture, though, is not really reflecting this overall positive sentiment, finds @CK_Narayan.
bit.ly/3DvfMKa

@CK_Narayan The monthly chart on Maruti Suzuki, having dropped to 62% of the rise already, suggests that the worst of the price decline is over and hence only the time correction part is left.

Read @CK_Narayan in #BQOpinion.
bit.ly/3lKWVEE

@CK_Narayan The Maruti stock has also retraced to 62% of the fall.

So far, everything is moving in perfect Fibonacci relations, writes @CK_Narayan in #BQOpinion: bit.ly/3lKWVEE

@CK_Narayan Using time counts, @CK_Narayan estimates how far out the correction in Maruti Suzuki may last.

Read his #BQOpinion column: bit.ly/3lKWVEE

@CK_Narayan #BQOpinion | The upshot here is that all-time counts are quite far away from current levels that Maruti is trading at, writes @CK_Narayan.

bit.ly/3IKosAf

@CK_Narayan Hence even remaining invested in Maruti needs to be questioned by the normal investor. Such funds are better deployed elsewhere to fetch some returns in the same period, writes @CK_Narayan.

Read more in #BQOpinion: bit.ly/3IKosAf