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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)

Marico trades in NSE in Personal Products sector.

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Marico is 991855

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	536.20	527.95	537.40	524.75	1.213 times
19 Mon Feb 2024	526.50	524.45	529.50	523.50	0.969 times
16 Fri Feb 2024	523.80	522.40	526.40	519.85	1.687 times
15 Thu Feb 2024	522.00	527.00	527.45	518.85	1.153 times
14 Wed Feb 2024	527.00	515.50	527.90	515.50	1.322 times
13 Tue Feb 2024	525.15	526.00	528.55	523.00	0.725 times
12 Mon Feb 2024	525.20	520.50	526.40	519.80	0.534 times
09 Fri Feb 2024	520.65	523.95	523.95	516.65	0.588 times
08 Thu Feb 2024	522.40	525.95	528.80	520.95	1.071 times
07 Wed Feb 2024	524.90	524.00	527.85	521.85	0.972 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 535.7, for a target of 530.1 or 525.33

Share price targets for Marico (MARICO)

Target Type	Value
Downside Target	508.60
Downside Target	534.35
Downside Target	534.40
Upside Target	537.40
Upside Target	545.75
Upside Target	553.85
Upside Target	554.70
Upside Target	557.50
Upside Target	595.00

Intraday share price targets for Marico (MARICO)

Target Type	Value
Downside Intraday Target	527.33
Downside Intraday Target	518.47
Upside Intraday Target	541.23
Upside Intraday Target	546.27
Downside Intraday Target	532.37

Weekly technical analysis of Marico (MARICO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	536.20	524.45	537.40	523.50	0.403 times
16 Fri Feb 2024	523.80	520.50	528.55	515.50	1.238 times
09 Fri Feb 2024	520.65	528.00	534.35	516.65	0.349 times
02 Fri Feb 2024	529.50	508.60	554.70	508.60	2.844 times
25 Thu Jan 2024	525.10	530.00	534.40	515.65	1.057 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
20 Tue Feb 2024	536.20	530.95	554.70	515.50	0.637 times
31 Wed Jan 2024	527.85	550.00	557.50	508.60	0.825 times
29 Fri Dec 2023	548.50	540.00	553.85	520.85	1.273 times
30 Thu Nov 2023	538.65	538.10	545.75	516.05	0.914 times

Scroll below to view daily charts

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

Indicators analysis of Marico (MARICO)

Price action analysis of Marico ( (MARICO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Marico in short term but the buy signal is initial and weak.

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 stronger in this stock.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 525.68 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.