2024-09-09 10:52:06 am | Source: Religare Broking
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking
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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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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