Stock Information Portal

Price and trend forecast of MARICO for Tomorrow, Weekly, Monthly

Marico Limited

Symbol: NSE:MARICO

ISIN: INE196A01026

514.55

As on 2024-04-12

462.70 (52W Low) 595.00 (52W High)

MARICO's Today's Performance

Marico Limited started the day by opening at 516.70 today 2024-04-12. Its shares reached a high of 519.30 and dipped to a low of 512.95 in intraday. When the markets closed, MARICO’s stock price settled at ₹514.55 per share. Also check out its key support and resistance levels.

MARICO Buy/Sell Targets

Tomorrow, sell MARICO when its price reaches ₹ 514.55 with a stop-loss order at ₹ 519.20. You can set the target price as ₹ 509.90 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MARICO for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for MARICO

Resistance Levels Value in ₹
Tomorrow Resistance 1 518
Tomorrow Resistance 2 522
Tomorrow Resistance 3 525

Important Supports for MARICO

Support Levels Value in ₹
Tomorrow Support 1 512
Tomorrow Support 2 509
Tomorrow Support 3 506
Based on where the stock opens tomorrow, if MARICO opens on a positive note, our first target will be ₹518. If Target 1 is achieved, we will aim for Target 2 which is ₹522.

But if MARICO falls below the average value of ₹515.60, you can enter a sell side position with target number 1 - ₹512 and second target - ₹509 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MARICO

Looking at MARICO, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MARICO has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MARICO is moderate bullish.

Tomorrow's Volume based share price Forecast for MARICO

MARICO's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -20%.

Reversal detection for MARICO

Predicted trend chart of MARICO tomorrow for price forecast
MARICO may trend may continue to be bearish since stock is making lower low and we can get target of ₹513 in morning tomorrow
Target 1 tomorrow518
Target 2 tomorrow520
Target 3 tomorrow522
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MARICO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MARICO opens on a positive note, our first target will be ₹518.25. If Target 1 is achieved, we will aim for Target 2 which is ₹521.95.

But if MARICO falls below the average value of ₹515.60, you can enter a sell side position with target number 1 - ₹511.90 and second target - ₹509.25

MARICO's Weekly Targets
1st Up Target 521.32
2nd Up Target 528.08
1st Down Target 507.47
2nd Down Target 500.38

As the week for MARICO ended on bullish sentiments, we can expect further continuation of this sentiment. MARICO's initial target will be 521.32 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 507.47 in the upcoming week.

Weekly OHLC Values
Open 511.50
High 521.00
Low 507.15
Close 514.55

Week for MARICO started with an open price of 511.50, and the close was at 514.55. MARICO reached the highest of 521.00 and dipped lowest up to 507.15 last week. This indicates a bullish sentiment for the week.

MARICO full month swing targets
Monthly Up Target 1 535.17
Monthly Up Target 2 541.93
Monthly Down Target 1 493.62
Monthly Down Target 2 472.68

Targets of ₹535.17 can be expected to be reached in the coming month. Once MARICO achieved this target, we can aim for the next upside target of ₹541.93.

MARICO if fails to hold upside, down targets of ₹493.62 and ₹472.68 can be achieved by end of this month.

For complete three weeks if MARICO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as MARICO

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

MARICO is expected to reach the target of 518.25 in tomorrow's trading session.

After achieving the initial target in MARICO, we will aim for higher targets of 521.95 tomorrow.

However, if MARICO starts to trade below ₹515.60, then we will shift our focus to the sell side and aim for down targets of 511.90 and 509.25.