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Stock analysis Marico Limited MARICO

More indepth analysis on MunafaSutra.com

Moving Averages for Marico Limited

  • 5Day Average: 497.4
  • 12Day Average: 497.76
  • 20Day Average: 506.02
  • 50Day Average: 518.27
  • 100Day Average: 525.52
  • 150Day Average: 536.81
  • 200Day Average: 538.93

MARICO Indicators & signals

Indicator MACD (12,26,9)

499.96, 507.57, -7.41
Indicator MACD is in negative zone

Indicator ADX (14)

36.99, 11.26, 24.48
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

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.

More indepth analysis on MunafaSutra.com