Stock of the day : Buy Marico Ltd For Target Rs. 585 - Religare Broking Ltd
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Marico Ltd
* Marico has been gradually inching higher after decisive breakout from Triangle pattern, which continued for more than 2 years.
* The stock had earlier registered a breakout from brief consolidation and currently prices are placed around the same.
* The chart pattern combined with volumes suggests price to resume its prior trend.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Marico Ltd CMP 557.05; Range 555-558; SL 543; Target 585
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