2025-12-16 11:02:32 am | Source: Religare Broking Ltd
Stock of the day : Marico Ltd by Target Rs. 778 - Religare Broking Ltd
Marico Ltd
Buy Marico Ltd CMP 737.65 Range 736-739 SL 718 Target 778
* MARICO displays a technically strong bullish structure, marked by a sustained sequence of higher highs and higher lows.
* Price continues to trade within an ascending channel and has recently rebounded from its lower boundary, signaling renewed upside potential.
* The stock remains positioned above its short- and medium-term moving averages, with stable volume participation reinforcing positive momentum.
* Long positions may be evaluated at current levels in alignment with the prevailing trend.
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