MARICO--@Neckline??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, and gives us breakout.
Maricolong
MARICO Positional Buy IdeaAs per my analysis, if NSE:MARICO upcoming any 45min closed above level of 483.00. We can see huge short covering and fresh buy entry. Buy level would be 485-490 with stop loss of 465 (20-25 points risk). My expected upside target will be 501, 520 & 540. It may take 1-2 weeks to get targets.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
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.
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.)