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Published on 20/05/2019 9:36:04 AM | Source: Religare Securities Ltd

Buy Marico Ltd For The Target Rs.375 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #FMCG #Marico Ltd #Trading Report #Religare Securities Ltd

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Religare Super Ideas

Marico Limited (MARICO)

MARICO has surged strongly today i.e. on 17 May, after hovering in a narrow range around its support zone of multiple moving averages on daily chart. The chart pattern and confirmation indicators are pointing towards positive momentum to continue ahead. We advise initiating fresh long positions as per the mentioned zone.

Recommendation

BUY Marico Limited @ 355-358 Stop Loss 348 Target 375 CMP 360.45

 

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