My view on MARICO : Working in categories of hair care, skin care, edible oils, immunity boosting and healthy foods, male grooming, and fabric care with a turnover of more than Billion $.
From the stock movement perspective : On Daily time frame: Close crossed Weekly and Monthly Pivots Upside. Close is trading above Daily, Weekly, and Monthly 20 SMA Also Daily SMA 13 > SMA 34 > SMA 55 and close crossed above D-13 SMA.
Monthly and Weekly RSI is > 60 and also Daily RSI bounces from 40
VWMA is also moving up and Daily > Weekly > Monthly
On Hourly time frame: - Price should take mother candle formed on 26th Aug to reach next highs The next target will be 686 Incase if interested - take a small quantity - wait for the level to take off and add more for long term.
Finally, we see Normal NR7 today.
If the market sustains at current levels - we should see a potentially good upside based on the trend.