MARICO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a comprehensive technical analysis of Marico Ltd (MARICO) based on the latest indicators and price action

📊 Trend Overview

Current Price: ₹698

50 DMA: ₹710 | 200 DMA: ₹675 → Price is below 50 DMA and above 200 DMA, suggesting short-term weakness but long-term support.

RSI (39.3): In the bearish zone, indicating weak momentum.

MACD (-2.77): Negative, confirming downward pressure.

Volume: Significantly above average, which may signal distribution or panic selling.

📌 Trend Status: Reversing from bullish to bearish.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent bearish engulfing and spinning tops suggest selling pressure.

Bollinger Bands: Price near lower band, indicating oversold conditions and potential bounce.

Volume Spike: High volume with falling price hints at institutional exit or short-term correction.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 690 Near recent swing low

Support 2 675 200 DMA, strong base

Resistance 1 710 50 DMA

Resistance 2 725 Minor trendline resistance

Major Resistance 745 52-week high

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹675–₹690 (on pullback near support)

Exit Zone: ₹710–₹725 (short-term resistance)

Stop Loss: ₹665 (below 200 DMA)

🧠 Summary

Momentum: Weak

Trend: Reversing

Volatility: Elevated

Short-Term Outlook: Cautious; wait for RSI recovery and MACD crossover before entering aggressively

Would you like me to track this stock’s movement over the next few days or compare it with another FMCG peer?

Edit in a page