Marico Limited (MARICO): After conquering the 200-days moving average (DMA), the counter has successfully managed to trade above the 50-DMA with “Higher High, Higher Low” formation. This reflects a strong upward momentum with price absorbing selling pressure at higher levels. Going forward, a decisive close above Rs 380 levels may open the doors for a further upside.
It can hit Rs 410 and then Rs 418 levels over the next few sessions. However, the stock needs to defend Rs 360 on a closing basis to maintain its upward bias. CLICK HERE FOR THE CHART Tata Motors Limited ...
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