Marico Retests Breakout Zone — Momentum Building Toward 1000?Marico LimitedNSE:MARICORobbie_Investify Marico on the weekly timeframe is showing a strong trend continuation structure after a clean breakout above its long-term consolidation zone. The recent price action suggests the stock may have successfully retested the breakout area around 835–845, which is now acting as support. Key observations: Price is trading above the 21 EMA, 50 EMA, and 200 EMA, indicating a strong bullish market structure. The 21 EMA remains above the 50 EMA, while both are well above the 200 EMA — a healthy alignment often seen in sustained uptrends. After the breakout rally, the stock cooled off and pulled back toward the breakout trendline, where buyers appeared again. Weekly candles continue to form higher highs and higher lows, showing demand at dips. Bullish view: As long as the stock holds above the breakout support zone, momentum could continue toward higher levels. A breakout above the recent swing high near 880 may open the path toward the psychological 1000 level in the medium term. Levels to watch: Support: 840–845 Immediate resistance: 880 Positional target: 1000 Risk: A weekly close below the breakout zone could weaken the bullish setup and lead to deeper consolidation. This is a positional trend-following setup based on price structure and moving average alignment. Manage risk accordingly. Not financial advice.