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MARICOMARKET OUTLOOKSTOCK OUTLOOK

Marico Outlook for the Week (February 19, 2024 – February 23, 2024)

Marico
Marico
Marico closed the previous week on a negative note losing 2.47%.

Technically, Marico share price will see immediate support at 516.68 and immediate resistance would be seen at 529.73.

If Marico share price closes below immediate support of 516.68, then sharp breakdown can be seen. Marico share price will see major support at 509.57 for the week.

On the positive side, immediate resistance will be seen at 529.73. Closing above 529.73, Marico share price will see a sharp breakout. Major resistance for Marico share price will be seen at 535.67 for the week.

Trading range for Marico share price for this week should be between 503.63 on down side and 542.78 on up side.

Marico Previous Week High: 528.55

Marico Previous Week Low: 515.5

Marico Previous Week Range: 13.05 Points

Marico share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 542.78
Resistance 2 535.67
Resistance 1 529.73
Support 1 516.68
Support 2 509.57
Support 3 503.63
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