Previous longs wicks and monthly time zonePlace SL at 285 and add for the long term. The beta is 0.5. Able to be around this price in these months (things are not good economically) and then may zoom again.
MARICO trade ideas
Marico - set for reversal / long ... if breaks 310Closed Bullish Engulfing
Trend reversal.
Add to watch list for long above 310
MARICO FOR LONG Marico is near to major support if price sustain near support then it will be go up.
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 looks bullish in coming Weeks.Posted purely for Educational Purpose.!
Views are Welcome.!
Reason for prediction.
1) on Strong support
2) Forming double Bottom.
Marico Ltd. Swing Trade setupMarico is in good Position for swing trade setup. Explain everything on the chart
Buy MaricoTraders can Buy Marico at 358 with a stop loss at 351. Target 1: 370, Target 2: 388, Target 3: 400.
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
MARICO SHORTOnly for education purpose not to be taken as a trading call.
CHART BY HARMONIC LEARNING AND EARNING
MARICOStrong chart
is within few pct of all time highs..
money moving into defensives
positional traders Can go long with stops at 360
