Marico Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Marico closed the previous week on a negative note losing 8.15%

Technically, Marico share price will see immediate support at 544.22 and immediate resistance would be seen at 591.32

If Marico share price closes below immediate support of 544.22, then sharp breakdown can be seen. Marico share price will see major support at 514.08 for the week.

On the positive side, immediate resistance will be seen at 591.32. Closing above 591.32, Marico share price will see a sharp breakout. Major resistance for Marico share price will be seen at 608.28 for the week.

Trading range for Marico share price for this week should be between 497.12 on down side and 638.42 on up side.

Marico Previous Week High: 578.15

Marico Previous Week Low: 531.05

Marico Previous Week Range: 47.1 Points

Marico share price support and resistance for the week (July 31, 2023 – August 04, 2023)