Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking
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Marico Ltd
* MARICO has been gradually inching higher after registering a breakout from prolonged consolidation phase.
* Post breakout, the stock witnessed price and time wise correction trading in a sideways range.
* It has rebounded higher from the lower band of the range which coincides with its short term moving average suggesting price to resume its uptrend.
* Thus, traders can consider longs in the mentioned range.
Buy Marico Ltd CMP 665.25 Range 663-666 SL 645 Target 704
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SEBI Registration number is INZ000174330
