Maruti - A View

In larger timeframe, Maruti broke 50% retracement level of 8177. If it goes further down, it may go down to 7850 which is 61.8%

In case of any bounce back, it came up to 8370 (23%) and if stretches, it may come up to 8500 (38%). Change of direction can come only after 8720 (close and cross)