Maruti is facing a strong resistance at current level. It failed to breach the 200 DMA twice earlier. This time too it has not succeeded in moving above 200 DMA so far.
The ADX indicator of Maruti reflects that the undercurrent of the stock is not strogn enough at the moment. The ADX value is below 20 and needed to cross at least above 30 to signify any meaningful momentum. The +D too slopes downward. Maruti may move sideways or drop down again.