Published: April 11, 2025
Reading Time: 4 min
Is Marico a Good Buy ? Here’s Why We Say Yes!
Marico Ltd., a leading player in India’s FMCG space, is showing strong bullish characteristics across all timeframes. With price action aligning above key EMAs and backed by strong technical indicators, the stock appears to be gearing up for a significant move.
Whether you’re a short-term trader or a long-term investor, Marico is worth watching closely.
📚 Table of Contents
- Key Support & Resistance Levels
- Daily Chart Analysis
- Weekly Chart View
- Monthly Chart Insights
- Trade Ideas
- Technical Indicators
- Final Thoughts
- Useful Link
🔑 Key Support & Resistance Levels
Understanding key levels helps traders plan better entries and exits. Here’s where Marico stands:
🟢 Support Levels
- EMA 11 (Daily): ₹667
- EMA 22 (Monthly): ₹607
- Horizontal Support Zone: ₹640–₹607
- Major Structural Support: ₹600
🔴 Resistance Levels
- All-Time High (ATH): ₹737–₹740
- Psychological Barrier: ₹750
- Fibonacci Extensions: ₹765, ₹796
If the price breaks above ₹740 with strong volume, it could lead to quick upside toward ₹765 and ₹790.
📈 Daily Chart Analysis: Short-Term Momentum Builds
On the daily chart, Marico is trading above all key EMAs — 11, 22, 44, and 100. A series of strong green candles following a breakout shows that buyers are in control.
This isn’t a random spike — the move is backed by volume, indicating investor confidence. Traders may consider short-term entries, provided risks are well managed.
📅 Weekly Chart View: Bullish Continuation
The weekly chart confirms medium-term strength. After consolidating briefly, Marico has resumed its uptrend, bouncing cleanly off the 100 EMA, a critical support level.
This bounce, along with bullish EMA alignment, adds conviction to the ongoing trend. Swing traders may find this setup attractive as the stock forms higher highs and higher lows.
📆 Monthly Chart: Long-Term Uptrend Remains Intact
The monthly chart shows a classic stair-step pattern: periods of rally followed by consolidation. EMAs are widely spaced and rising, indicating a strong structural uptrend.
Recently, the stock broke out above prior monthly consolidation highs — potentially kicking off a new multi-year rally. Long-term investors should take note.
💡 Trade Ideas: Two Strategic Approaches
Option 1: 📈 Buy on Breakout
- Entry: ₹740+
- Stop Loss: ₹690 (or ₹665 for wider room)
- Targets: ₹765 / ₹790 / ₹800
Option 2: 📉 Buy on Dip
- Entry Zone: ₹650–₹665
- Stop Loss: ₹620
- Targets: ₹730 / ₹765+
This setup is favorable for traders looking for better entry points on pullbacks.
📊 Technical Indicators Confirm the Bias
- RSI is approaching overbought, but still shows strong bullish momentum.
- MACD has made a bullish crossover.
- ADX reflects strengthening trend dynamics.
🧠Final Thoughts: All Eyes on ₹740
Marico is approaching a pivotal resistance zone at ₹740. A breakout here could mark the start of a new rally, while a dip toward ₹650–₹665 may offer a high-conviction entry backed by strong support which suggest marico a good buy.
Both strategies offer good risk/reward potential — just be sure to use disciplined stop-losses and manage your trade size.
🔗 Useful Link
Disclaimer: This article is for educational purposes only. Consult a certified financial advisor before making investment decisions.The author and the blog do not assume any responsibility for any losses or damages arising from the use of the information provided. For More
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