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(MARICO) Marico complete technical analysis [charts+indicators] | Buy/Sell Marico | (MARICO) share price targets

Complete technical analysis of Marico (MARICO) by charts plus indicators, forecast predictions and share price targets for Marico (MARICO)

10 day averaged volume of Marico is 7029391

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 597.05 591.40 600.00 582.30 0.324 times
16 Thu May 2024 591.25 590.70 601.00 585.05 0.368 times
15 Wed May 2024 591.60 601.80 603.15 586.15 0.179 times
14 Tue May 2024 600.25 593.95 612.40 585.75 0.699 times
13 Mon May 2024 594.55 590.85 605.25 584.40 0.542 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 587.9, but if it comes below 587.9, then a intra day sell could be more profitable.
If you take a sell trade below 587.9, then use 587.9 as stoploss and 548.99 as target. However if you take a buy trade in stock , then use 587.9 as stoploss and 634.5 as target.

Share price targets for Marico (MARICO)

Target Type Value
Downside Target 486.30
Downside Target 524.00
Downside Target 529.90
Downside Target 554.70
Downside Target 557.50
Downside Target 582.30
Upside Target 598.50
Upside Target 612.40

Intraday share price targets for Marico (MARICO)

Target Type Value
Downside Intraday Target 582.1
Downside Intraday Target 567.15
Upside Intraday Target 612.2
Upside Intraday Target 627.35
Upside Intraday Target 597.25

Weekly technical analysis of Marico (MARICO)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 597.05 590.85 612.40 582.30 0.268 times
10 Fri May 2024 587.15 520.90 598.50 518.25 11.114 times
03 Fri May 2024 516.90 520.50 524.00 510.45 0.726 times
26 Fri Apr 2024 517.85 515.55 518.70 503.15 1.015 times
19 Fri Apr 2024 505.30 510.15 515.95 495.15 1.539 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Marico (MARICO)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 597.05 517.50 612.40 510.45 2.626 times
30 Tue Apr 2024 518.00 497.20 524.00 490.55 0.951 times
28 Thu Mar 2024 497.20 523.25 529.90 486.30 0.798 times
29 Thu Feb 2024 522.60 530.95 554.70 515.50 1.272 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Marico (MARICO)

Indicator Name Indicator Value Indicator Signal
ADX 33, 7, 65 Buy
MACD 39, 33Buy
Stochastics 81Buy
CCI 51Buy
RSI 70Buy
OBV 48579781Sell
VWAP 585Buy
ADL 0Sell
ROC 16Buy
Force Index 0Sell

Price action analysis of Marico ( (MARICO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Marico ( (MARICO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Marico ( (MARICO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Marico ( (MARICO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Marico stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Marico in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Marico Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Marico in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Marico is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 584.98 and Marico (MARICO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Marico (MARICO) stock. Volume based technical analysis of Marico (MARICO) stock is negative.

Marico Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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