Technical Analysis Marico Limited

The stock

is daily chart shows than has been in a strong and clear uptrend since bottoming out around March 2025. Over the past year the stock has consistently formed higher highs and higher lows which is a classic sign of bullish momentum and market strength. Recently the stock reached a peak near the 800-820 level and has since entered a short-term pullback or correction phase. It is currently trading at 744.30. This kind of retracement is normal after a steep rally. The most recent daily candle is green indicating that buyers are starting to show interest and step back in at these current lower levels. Immediate support the 720-730 zone appears to be acting as an immediate short-term support where the price is trying to halt its fall. A much stronger major support base lies around the 700 psychological mark. Immediate resistance the recent swing high near the 800-820 zone is the main upper hurdle. The stock needs to break and sustain above this level to continue its broader uptrend. The overall news sentiment for Marico Limited is strongly positive bullish. The company recently reported excellent financial results showing solid growth in both profits and product sales. Top brokerage firms have given it Buy ratings with high target prices and large foreign investors are showing increased confidence in the stock. The only minor concern is that the stock is currently trading at a premium meaning it is slightly expensive right now. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.