MARICO
MARICO - BREAKOUT from 4 months RangeStock did a good breakout from 4 months range.
Breakout type: Decisive
Breakout Volume: Huge
Now sustaining the above-the-range, stock can move towards 460 and 480 levels.
Marico Looking good above 421.5Marico looking like gives a breakout.
consolidating from last 2 days.
look for Trendline breakout only above 425.
MARICO - Uptrend If market continue current trend - MARICO can go to 450-475 lrvrld in next couple of sessions.
Currently trading on trend line -- if sustains above - clear Long oppertunity.
Add to watch list - trade as per trend.
MARICOI'm not an expert I'm just sharing my views on MARICO for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
MARICOI'm not an expert I'm just sharing my views on MARICO for next trading day
I'm not responsible for any profit or loss this is not a recommendation
MARICO given breakout on hourly time frame & DAILY TIME FRAMEMARICO given breakout on hourly time frame & DAILY TIME FRAME
Long - MARICO - Inverted Head and ShoulderHi Fellows,
Marico is making a strong Inverted head and shoulder in a Weekly time frame. It has tested 400 level many times in last 12 months.
Above 400 it could be a good run.
I hope you will benefit from this knowledge
-MetaVish
PS: Twitter handler = MetaVish.
MARICO Positional set upLong above the trend line break for target 400... It is the strongest resistance so far.. If price breaks lower trend line, it may retest before heading towards 400
R-0223 Short Term Cash Buy MARICO @362.40-364.4 SL 353.6 TGT 381Short Term Cash Buy MARICO @362.40-364.4 SL 353.6 TGT 381(Short term trend remains positive)
#1. Pivot break out 359.60
#2. MACD cross over indicates bullish moment.
#3. Next resistance is 386 so book profit in the range of 280-385.
#4. Above VWAP @361 which further indicates bullish moment to continue.
#5. Ichimoku cloud break out so STAY LONG.
hourly long 364.5-362.9 pro: 1. origin of location move 2. 3 exhourly long 364.5-362.9
pro:
1. origin of location move
2. 3 exciting candle in 5 min
3. origin of 5 min candle move
con:
1. smaller 5 min exciting candle
2. stock is near all time monthly supply, so if it comes downward, it can be aggressive based on margin of safty
#MARICO #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #BANK#MARICO
MARICO
CMP: 351.90
TARGET: 390
SL: below 345
R-0144 Cash Buy MARICO @366.00-369 SL 360.3 TGT 382Short Term Cash Buy MARICO @366.00-369 SL 360.3 TGT 382
About to cross TK line + MACD cross over and cloud break out so we expect it to move in uptrend go LONG.
R-0124 Short Term Cash Buy MARICO @366.70-368.7 SL 358.3 TGT 386Short Term Cash Buy MARICO @366.70-368.7 SL 358.3 TGT 386
Above VWAP and corrected from day's high followed by TK cross over so go LONG.
MARICO seems bullish Probability is a bit less for trade to work so i'll take less risk.
Please do your own research before trading or investing.
MARICO - Bounce back from bottom line - Bullish on all chart#MARICO is trending under the channel and has strong support on 20EMA and bottom support line. After hitting bottom support stock is start moving upwards and Today 50SMA crossed above 200EMA. ATR is decreasing and stock in narrow range since 4 day.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
50SMA crossed above 200EMA
William %R is treading UP
+DI crossed above -DI
New Long position
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Support : 340 and 331
Breakdown : 344 (OR Gap down opening)
LTP : 348.65
Breakout : 351 (OR GAP UP opening)
Short Target : 355 and 358
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Positive & Negative Point:
1) Very Bullish in Daily chart.
2) Very Bullish in Weekly chart
3) Very Bullish in Monthly Chart
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(Disclaimer: This is only for educational purpose and paper treading.)
MARICO - Triangle BreakoutNSE:MARICO has taken support at the support zone, getting ready for a triangle breakout.
Marico is repeating the history??.Marico has made double top on weekly chart from Aug 2018 to Dec 2018. IT has corrected from 387 (27th Aug) to 282 on (8th October) and again reach 396 (17th Dec 2018) and then corrected to 330 from 390 and then move up.
Now, it has made similar price pattern. Made double top on weekly chart from Jan 20 to June 1 and in between corrected from 344 (20 jan 20) to 234 (23 March 20) and again reach to 352 range and current quoting at 330...based on previous pattern, it seems stock should correct up to 292 around...
