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05-06-2024 11:06 AM | Source: Religare Broking
Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking

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Marico Ltd

* We are seeing decent strength in the FMCG sector and MARICO is leading from the front.

* It has formed a fresh buying pivot holding above its short term moving average indicates momentum in place.

* stock has rebounded higher with noticeable volumes finding support around its previous resistance zone highlights inherent strength in price.

* Traders can consider fresh longs in the mentioned range.

Buy Marico Ltd CMP 614.55 Range 610-615 SL 594; Target 650

 

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