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The short-term outlook is bullish for Marico. The stock has been rising well for more than a month now. Support is in the ₹630-635 region. This support zone has held very well even during the market’s meltdown on Monday. That indicates the inherent strength of this support zone. That keeps the recent uptrend intact. Also, there is a possibility of moving average crossover happening on the daily chart. This strengthens the bullish case. Marico share price can rise to ₹710-720 in the coming week. Traders can go long now at ₹663. Accumulate on dips at ₹640. Keep the stop-loss at ₹625. Trail the stop-loss up to ₹670 as soon as the stock goes up to ₹680. Move the stop-loss further up to ₹685 when the share price goes up to ₹695. Exit the longs at ₹710.
Video Credit: Businessline
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on April 8, 2025
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