Marico Ltd.( potential to break all time high)
Sector: Household & Personal Products
everyone knows MARICO the FMCG player in INDIA offer great value to portfolio...
fundamentally MARICO offers ROE 34.27% & ROCE 39.82% @ only 45.07 PE .
Technically, as we can see on chart, price in HTF demand zone..
on DAILY chart we can see consolidation in bottom seems accumulation and PRICE may take upside move after breakout....
one can accumulate this stock in a gradual manner for the TGT 590/620....
Note
power of holding for long term investor....realised 32% gain ....n upside still continue....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.