This stock is likely to test the demand zones.
now price is near to neckline, this is the key level, once breaks a quick retest to the support is observed.
multiple rejections on topside is observed in this stock at right shoulder....
keep looking for buyside...if it reaches to the support levels.
price is likely to be between these neckline and support levels,...
Marico has shown a breakout of the range after quite some time, if this momemtum continous then we could see Marico reaching 550 levels again.
I would go long if it crosses 535 levels, with a stop of 3-4 and target around 550.