Marico Limited is a leading Indian consumer goods company that operates in the beauty and wellness space. Established in 1990, Marico is known for its popular brands such as Parachute, Saffola, and Livon. The company has a strong presence in India and has also expanded its operations internationally. With a focus on innovation and quality, Marico continues to be a trusted name in the FMCG sector.
Let’s do a chart analysis
The relative strength of Marico has been outstanding, consistently outperforming the FMCG category and even surpassing the Nifty. Currently, the RSI stands at around 82, indicating strong momentum. I have identified entry and stop loss levels on the chart. It’s essential to sell below the gap as most gaps tend to get filled. This trade offers a high-risk, high-reward ratio.
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Always prioritize risk management and proper position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.
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