MARICO
#MARICO - Bullish Setup
The stock has successfully tested the support from the supply-turned-demand zone, indicating a potential reversal.
Volume is also showing signs of strength, adding conviction to the bullish narrative.
One note of caution: MARICO's relative strength vs. Nifty is not overly impressive, which may impact its upside potential. Nevertheless, the overall bias remains positive.
The stock has successfully tested the support from the supply-turned-demand zone, indicating a potential reversal.
Volume is also showing signs of strength, adding conviction to the bullish narrative.
One note of caution: MARICO's relative strength vs. Nifty is not overly impressive, which may impact its upside potential. Nevertheless, the overall bias remains positive.
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