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MARICOMARKET OUTLOOKSTOCK OUTLOOK

Marico Outlook for the Week (January 29, 2024 – February 02, 2024)

Marico
Marico
Marico closed the previous week on a negative note losing 3.51%.

Technically, Marico share price will see immediate support at 515.70 and immediate resistance would be seen at 534.45.

If Marico share price closes below immediate support of 515.70, then sharp breakdown can be seen. Marico share price will see major support at 506.30 for the week.

On the positive side, immediate resistance will be seen at 534.45. Closing above 534.45, Marico share price will see a sharp breakout. Major resistance for Marico share price will be seen at 543.80 for the week.

Trading range for Marico share price for this week should be between 496.95 on down side and 553.20 on up side.

Marico Previous Week High: 534.4

Marico Previous Week Low: 515.65

Marico Previous Week Range: 18.75 Points

Marico share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 553.20
Resistance 2 543.80
Resistance 1 534.45
Support 1 515.70
Support 2 506.30
Support 3 496.95
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