MARICO Marico ready to grab pending orders
my view expecting breakout as per trend strength
all levels shared for educational purpose only.we are not sebi registered
MARICO
MARICO stock going to fly??? as per my analysis Marico stock in 495 act as strong support , if support as hammer in 495 expect upside target 819 days
Marico FuturesThe daily chart of Marico does indicate a bearish breakdown, but it would be wise to wait for a confirmation candle.
The candles have breached the manual bullish trend and has broken the support of 200 EMA but as mentioned above, it is advisable to wait for the confirmation candle.
My strategy would be to sell on rise but again, there is no proper stop loss (resistance) available but aggressive traders can go for it.
Marico Trade setup Idea - 15 september 2022Marico 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.
#Emamiltd #HINDUNILVR #ITC #DABUR #BRITANNIA #MARICO #NESTLEIND NSE: EMAMILTD
CMP: 486.35
Target 596 ~23%
Stop Loss: 450 Trailing
RR > 3
Tf 6M.
NSE:EMAMILTD
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ROUND BOTTOM BREAKOUT - FMCG SECTOR OF INDIAN INDEXKeep an eye on CNXFMCG that is FMCG SECTOR.
CNXFMCG has round bottom breakout.
Every FMCG stock is performing well keep an eye on FMCG stocks
example - MARICO , HINDUNILVR , ITC (safest) , NESTLEIND
BUY MARICO at CMP 542 tgt 575 , 615 sl 500marico is 3rd time attempting to cross over above all EMAs. and also ichimoku cloud . RSI is also above 60 All the factors are supporting a good move in Marico. Always keep strict stop loss
marico option selling for 2 - 3 % profit 550 ce = 1.90
500 pe = 2.05
margin = 88k
profit = 2000- 3000 rs
Marico BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Marico Reversal TradeThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
MARICO LOOKING BULLISHThe stock has already tested the 200MA on the weekly chart and based on the trendline analysis it is looking bullish.
Short Term BullishBought one lot of September Futures
Entry Price- 521.45
Target- 550
SL- 512
Lot Size- 2000
MARICO breaking out from demand zone1. at daily time frame demand zone
2. 30min time frame tirangle breaking out
3. its in up trend
Marico ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
MARICO New ATH MARICO LTD made another new ATH on Friday
Very strong uptrend
Should see a follow through to new highs now
Marico Short Break OutThe stock has broken out with good volumes and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals.
MaricoTriangle pattern
Expected Breakout
Bullish pattern in NIFTY FMCG as well.
Target levels marked
**Educational View
MARICO :: BULIISHDATE: 30 MAY 2021
INSTRUMENT: MARICO
TREND: BUY
TIME FRAME: DAY
CMP: 471.05
BUY ABOVE: 478
STOP LOSS: 466
TGT 01: 488
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
