Marico: Strong Structure Backed by 200 SMA Support Marico’s daily chart reflects a well-structured uptrend, with price consistently respecting the 200-day moving average (200 SMA), which is currently acting as a strong dynamic support zone. After a sharp rally from lower levels, the stock has entered a consolidation phase, but importantly, every dip towards the 200 SMA has seen buying interest emerge. This indicates strong institutional support and reinforces the long-term bullish structure. In the recent move, price corrected from higher levels near 815 and is now hovering around the 750–760 zone. This area coincides closely with the 200 SMA as well as mid-Bollinger Band support, making it a crucial demand zone. The fact that the stock has not decisively broken below this level suggests underlying strength. Short-term moving averages are flattening, indicating consolidation, but not a trend reversal yet. RSI has cooled off from overbought levels and is now near neutral territory, giving room for the next directional move. Key View: Support: 740–750 (200 SMA zone) Resistance: 780–800 Sustaining above 750 can trigger a bounce towards 780–800 again Breakdown below 740 may weaken structure in the short term Conclusion: Marico remains technically strong as long as it holds above its 200 SMA. The stock is in a healthy consolidation within an uptrend, and any stability at current levels could lead to the next leg of upside.