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MARICO Ltd

On weekly chart, we observe that MARICO is on the brink of a significant range breakout.

MARICO has formed a double bottom pattern on the weekly timeframe. This pattern is often seen as a reversal signal, suggesting that the stock may be poised for an upward price movement.

Key technical indicators also support this bullish outlook. The Relative Strength Index (RSI) is currently above 64, indicating that the stock is in a favorable bullish zone.

Additionally, the Stochastic RSI has shown a positive crossover, which is another bullish signal.

Furthermore, the Average Directional Index (ADX) stands above 28, signaling robust bullish momentum likely to persist in this stock. So based on the above technical structure, we are recommending a buy position in the stock for the medium to long term

Buy MARICO @ 582 & Upto 570 for the Target of 650/670

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