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MARICOMARKET OUTLOOKSTOCK OUTLOOK

Marico Outlook for the Week (January 01, 2024 – January 05, 2024)

Marico
Marico
Marico closed the previous week on a negative note losing 5.32%.

Technically, Marico share price will see immediate support at 530.65 and immediate resistance would be seen at 560.10.

If Marico share price closes below immediate support of 530.65, then sharp breakdown can be seen. Marico share price will see major support at 512.80 for the week.

On the positive side, immediate resistance will be seen at 560.10. Closing above 560.10, Marico share price will see a sharp breakout. Major resistance for Marico share price will be seen at 571.70 for the week.

Trading range for Marico share price for this week should be between 501.20 on down side and 589.55 on up side.

Marico Previous Week High: 553.85

Marico Previous Week Low: 524.4

Marico Previous Week Range: 29.45 Points

Marico share price support and resistance for the week (January 01, 2024 – January 05, 2024)

Level Type Value
Resistance 3 589.55
Resistance 2 571.70
Resistance 1 560.10
Support 1 530.65
Support 2 512.80
Support 3 501.20
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