Hi All,
The next tip is on Marico Industries. This counter is undergoing a strong accumulation phase. A couple of news in the recent past and funds buying into the counter should set a sizzling rally in the counter. Expect a surge any moment and a strong close above 560-565 should take it pass the 52 weeks high of 586. Above this it should flow into a free zone and land up in the 620 region mark.
The counter is also good from an investment perspective.
Concern: Low liquidity in the counter is of concern.
Thanks and Regards
Supratik
The next tip is on Marico Industries. This counter is undergoing a strong accumulation phase. A couple of news in the recent past and funds buying into the counter should set a sizzling rally in the counter. Expect a surge any moment and a strong close above 560-565 should take it pass the 52 weeks high of 586. Above this it should flow into a free zone and land up in the 620 region mark.
The counter is also good from an investment perspective.
Concern: Low liquidity in the counter is of concern.
Thanks and Regards
Supratik
thanks for the nice tip . I read a lot of good news about the counter .
For All ,
Just adding some for Marico
2006-12-18 13:07 Source : Moneycontrol.com
Technical Analyst, Hitendra Vasudeo is of the view that above 562-580, Marico can go up to Rs 870.
Vasudeo told CNBC Awaaz, Marico can outperform to HLL and Colgate. One can buy it at current levels. It has resistance at Rs 562-580, above that it can go up to Rs 870. Buy it at current levels.
thanks