• 10 June, 2024 Ruchit Thakur


Marico appears to be a solid long-term investment, since the stock has broken off of its all-time high and is rising.

Please see the monthly chart of Marico. As shown in the chart, Marico is a great purchase opportunity in the 590-610 range, and it has performed brilliantly thus far, with tremendous upside potential.

Please review the Marico monthly chart. The stock is trading above horizontal resistance and continues to rise after breaking out of the 590-610 range. Marico is currently seeing high demand in the 590-610 range, as illustrated in the graph. The predicted rise is 800-850, as indicated in the chart below. 


  • Marico is an excellent long-term investment opportunity because it has demonstrated a reasonable breakout around the 590 to 610 levels and is currently on the rise.
  • Marico appears to be in an excellent position on the chart, with potential for further climbs to the 800 and 850 levels.
  • As of today, 600-620 represents the best opportunity to acquire this company because the risk-to-reward ratio was ideal for a cash transaction.

Please refer to the Marico monthly chart for reference. The monthly chart shows horizontal resistance and breakout, as well as demand in the 590-610 region, and the stock is gaining after accounting for abundant demand in the previously mentioned 600 range.

Please note the horizontal resistance and its breach, which resulted in the stock establishing a new all-time high today, indicating a strong opportunity to go long at the current market price. So far, the stock has tracked the chart's upward trend, reaching 800 and 850, respectively.

Investors may look for a long-term purchase opportunity in the 590-610 range because the stock is in great demand, which might lead to a comeback to the 800 and 850 levels, indicating a favorable risk-reward ratio.

Investors could buy the stock with cash for a long time and set a stop loss at 540 to accomplish price targets of 800 to 850.

The Marico monthly chart shows both support and resistance. The spot chart illustrates each level.




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Company Profile: Marico Limited is an Indian multinational consumer goods company that provides health, beauty, and wellness products and services. Marico, headquartered in Mumbai, operates in more than 25 countries in Asia and Africa. Its brands include hair care, skin care, edible oils, health foods, male grooming, and fabric care.

In 2019-2020, the company had a turnover of ₹7,315 crore. Marico has eight factories in India, located in Puducherry, Perundurai, Kanjikode, Jalgaon, Paldhi, Dehradun, Baddi, and Paonta Sahib.


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