MARICO | TECHNO-FUNDA ANALYSIS

Marico Ltd – 1D

Trend: The stock is showing a reversal structure after forming a clear double bottom near ₹690 levels, followed by a strong bullish candle breakout above near-term resistance. This move signals potential trend reversal toward upper supply zones. Key Levels: Supply Level: ₹740 Fresh Breakout Level: ₹759 Immediate Support: ₹715 Major Support (Double Bottom Zone): ₹690 Fundamentals (Key Points): 🧴 Leading FMCG player with strong brands across hair care, edible oils, and wellness segments. 💼 Consistent revenue growth with stable margins driven by product diversification. 📊 Strong balance sheet with healthy cash reserves and minimal debt. 🌏 Expanding global footprint and new product innovation fueling steady growth. 💰 Focus on premiumization and rural penetration to sustain long-term profitability. Final Verdict: Bullish — Double bottom breakout with momentum; sustaining above ₹740 may lead to upside toward ₹760–₹780. Suitable for short-term swing traders with stop-loss near ₹710.