MARICO Re-test of Breakout Zone & Dynamic Support

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MARICO Re-test of Breakout Zone & Dynamic SupportMarico LimitedNSE:MARICOSandip_Tanaji_PatilKey Chart Observations 1. Re-test of Breakout Zone & Dynamic Support Successful Support Test: After reaching a high of ₹889.10 in early August, the stock underwent a healthy pullback to retest the prior resistance level of ₹848.40. Confluence Support: The price bounced sharply right off the horizontal support zone (₹838.55 – ₹848.40) and the blue Simple Moving Average line (₹839.21). This zone is acting as a strong demand floor. 2. RSI & Volume Analysis RSI (53.66): The RSI has cooled off from overbought levels and is holding above the 50 mark, indicating healthy consolidation and room for an upward expansion. Volume (1.41M vs. 1.96M Avg): The pullback volume remained modest, showing a lack of aggressive selling pressure during the dip. "Disclaimer: Educational chart study only. Not a SEBI-registered advisory. No buy/sell recommendations implied."