Marico Limited - Technical Outlook on Day chart

Marico has seen a sharp correction from the recent high near ₹885 and is currently trading around ₹815. The stock has slipped below its short-term moving averages, showing weakness in the near term. However, the price is approaching an important support zone around ₹790–800, where the long-term moving average and previous price action provide support. RSI has also cooled down from higher levels, indicating that the stock has lost momentum but is not yet in a strong oversold zone. If ₹790–800 holds and the stock starts forming a reversal pattern, buying interest can return. On the upside, ₹830–840 is the first resistance, followed by ₹860 and ₹880. A sustained break below ₹790 could lead to further weakness towards ₹770–750. For now, ₹790–800 remains the key zone to watch for the next move. DISCLOSURE: I do not have any position in Marico and neither do my family members.