MARICO
MARICOTHE STOCK ON DAILY CHART IS COMING BACK TO RETESTS THE PREVIOUS LEVELS OF CHANNEL , OVERALL STOCKS SEEMS TO BE IN DOWNTREND , AS WE CAN SEE IN CHART PRICE HAS BROKEN THE TREND LINE , NOW THERE IS SUPPORT AT 325 IF IT BREAKS WE CAN SEE THE STOCK TESTING THE LEVELS OF 320 WHICH IS ALSO THE PREVIOUS POC , OVERALL NIFTY FMCG SEEMS TO BE GOING DOWN FROM RESISTANCE , THUS OVERALL CONFLUENCE IS SUPPOR THE STOCK TO TEST 320 LEVELS , NIFTY SEEMS TO BE IN STRONG INTERMEDIATE UPTREND , SHOULD KEEP A STRONG WATCH ON NIFTY AND NIFTY FMCG LEVELS BEFORE TAKING THE TRADE .LEVELS ARE JUST OF INTRADAY AND NOT FOR DAILY OR LONG TERM
VIEWS AND SUGGESTIONS INVITED
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BO above Rs 322 can take Marico to Rs 350Observe the inverse Head & Holder - a continuation pattern.
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Wait For levels Trade in High Volumes and Liquidity.
If it sustain above 326 then buy with target of 330
If it sustain below 317 then sell with target of 313
Marico - set for reversal / long ... if breaks 310Closed Bullish Engulfing
Trend reversal.
Add to watch list for long above 310
Marico Near Long time SupportMarico Trading Near Long time Support, Wait for Clear breakout Long move after breakout. Bull Don't trade bollow average line. Up Move Possibility high.
Marico Ltd. Swing Trade setupMarico is in good Position for swing trade setup. Explain everything on the chart
Marico in reverse mode?broken long support trend line and got stuck under same TL, money flow is in negative divergence, big bearish candle, is it a sign of reversal, support can be seen at 380
Buy Marico LTDWe witnessed a false breakout towards the ascending triangle
on Marico. And a Double top on the 7th of Jan 2019.The ascending triangle continues to be intact
confirming a strong bullish trend with targets of 360 and towards 400
However, if Price breaks below 324 . The Stock would consolidate towards 260.
(Recommendation Buy at CMP with targets of 360 and 400 SL at 319)
Marico is a Buy for a target of 375-390On the heikinashi charts of Marico on weekly timeframe, we believe it to be trending upwards with a SL at 337 on weekly closing on heikinashi for a target of 375-390 in 2 months time frame...
Bullish on MaricoMarico has just completed an ABC correction. It should resume it's uptrend. Nifty FMCG is also supportive of it.
