Marico reaches a make-or-break support zone

is sitting at a technically important point after cooling off from the ₹880 region. The broader FMCG story still works in its favour through rural demand recovery, premium personal care and the steady strength of its core brands, but the stock is no longer in a clean momentum phase. The chart is now testing the lower edge of the Ichimoku cloud. Tenkan is near ₹808.4, Kijun around ₹829.3, while the cloud sits roughly between ₹819 and ₹840. That puts the stock in a transition zone where the next few sessions matter more than the previous trend. My focus is on ₹808 to ₹815. If buyers defend that band, Marico can stabilise and attempt a move back toward ₹829 and then ₹840. A sustained move above ₹840 would improve the setup further and put the recent highs back in play. If ₹808 fails on a closing basis, the structure weakens and ₹790 to ₹800 becomes the next area to watch. For now, this is a support test, not a fresh breakout setup.