New Breakout Trade Idea - Positional
MARICO LTP ~ 389.65/-
Cup With Handle Breakout At INR 382.80/-
Profit Target Goal ~ INR 440/-
Stop Loss ~ INR 350/- Closing Below
ROI ~ 13%
RRR ~ 1.27:1.00
PE Trailing 12M ~ 45 Below Industry Median
RSi ~ 62 Mid Range
MACD ~ 3.2 Above Signal
Note:- Marico has an operating revenue of Rs. 7,234.00 Cr. on a trailing 12-month basis. Pre-tax margin of 19% is great, ROE of 33% is exceptional. The company is debt-free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. It needs to take support around the 50 DMA level to continue the further upside move