Stock analysis Marico Limited MARICO
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Recent prices of MARICO Marico Limited are as follows: Daily volume is divided by 10 day averaged volume
Date | Close | Range | Change % | Volume |
28 Thu Mar 2024 | 497.20 | 490.80 to 499.95 | 0.49% | 1.15 times |
27 Wed Mar 2024 | 494.80 | 492.60 to 499.45 | -0.35% | 0.47 times |
26 Tue Mar 2024 | 496.55 | 491.05 to 499.70 | -0.24% | 1.01 times |
22 Fri Mar 2024 | 497.75 | 495.00 to 504.00 | -0.59% | 0.67 times |
21 Thu Mar 2024 | 500.70 | 491.55 to 501.50 | 1.64% | 0.91 times |
20 Wed Mar 2024 | 492.60 | 487.30 to 496.40 | 0.52% | 0.5 times |
19 Tue Mar 2024 | 490.05 | 486.30 to 497.45 | -1.5% | 1.13 times |
18 Mon Mar 2024 | 497.50 | 496.00 to 502.75 | -0.53% | 0.81 times |
15 Fri Mar 2024 | 500.15 | 496.50 to 509.65 | -1.17% | 1.69 times |
14 Thu Mar 2024 | 506.05 | 492.15 to 509.15 | 2% | 1.43 times |
13 Wed Mar 2024 | 496.15 | 494.65 to 511.70 | -1.48% | 1.36 times |
12 Tue Mar 2024 | 503.60 | 501.00 to 510.50 | -1.1% | 0.49 times |
Technical analysis forecast for Marico Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Marico Limited MARICO at this time. Stock is falling and might fall more.
It appears as if Marico Limited MARICO gave a large move recently.
Stock of Marico Limited (MARICO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Marico Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 493 as stoploss in an intra day buy trade for a target of 504.65. However, stock will show a bearish move below 493.