#MARICO - Poised for up-move #Priceaction

MARICO 1D: It is difficult to get big runaway rallies in FMCG stocks but strong moves can be picked up timely to give 15-20% returns in short term. As earlier we have seen in ITC & Nestle and now similar opportunity I see in Marico. Earlier I thought it is making H&S but combination of study is denying that possibility. Multiple times support sought at TL & poised for BO above 550. RSI turning above 60. Having key moving averages support. MACD turned +Ve. So good to buy Marico around 505-500 with a SL of 475 for Target 560 - 600 - 640.