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Technicals for Marico Limited
By MusingTheNews
2025-05-30 20:47
Overall Technical outlook
Price Summary
On 2025-05-30, Marico Limited's stock opened at 719.4, spiked to 727.9, declined to 711.9, and closed -0.41% lower at 716.45, with 3894257 shares traded. During the past 52 weeks, the highest stock price was 738.1, and the lowest was 587.75. 39 analysts predict that the future price of MARICO will be in the range of 492.0 to 840.0, with a mean expected price of about 738.71796.
Technicals
Support and Resistance: The price sits at 716.45, supported by 712.75 and resisted by 712.75. This indicates a trading range where 712.75 provides a floor, preventing declines, and 712.75 acts as a ceiling, limiting further price increases for MARICO. Support/Resistance for MARICO
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for Marico Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for Marico Limited
Parabolic SAR: The PSAR continues its bearish trend, setting a resistance level that could prevent significant upward movement for MARICO. This resistance suggests that the market may struggle to overcome bearish forces, keeping upward momentum in check. Parabolic Stop and Reverse chart for Marico Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Marico Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, indicating that this bearish momentum might be losing strength. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for Marico Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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