MARICO LOOKING BULLISHThe stock has already tested the 200MA on the weekly chart and based on the trendline analysis it is looking bullish.
MARICO trade ideas
Buy Buy Buy - Marico - Short term gain of 6%Hi,
You can enter a trade at current price 515 or else wait for support which is around 507.
Target should be placed around 549.
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maricoNSE:MARICO
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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.
Long with 0.5% RiskGo long with 0.5 % risk and Can book profit at reward of 2.36.
NOTE: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
Marico. Given breakout with good candle above the resistance area and then restest the level with small red candles . Now it has made another new high. We can see more upside move in this. And also the fmcg sector also in uptrend.
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.
Marico LongJust take a long a swoop some money the risk to be taken is 75% of you Trade risk and most probably you will enjoy the benefits of it also.
MARICO LTDRisk reward ratio: Tp1 2.31, Tp2 3.76
Long for 7 to 14 days for tp 1 and 2
Rsi +
Macd crossing abow zero line.
Charts of the week $Nifty; $BankNiftyCharts of the week. Stocks discussed here are
#MARICO #ULTRACEMCO #MPHASIS #SRF #LTTS #GODREJCP #ACC #SUNPHARMA #TCS
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Opportunity to short in Marico LtdThis scrip had recently broke the wedge pattern and it had restested it too. Previously this scrip took support at 50 EMA.
Swing Traders may consider this scrip short this scrip after analysing it if closes below the 50 EMA. May have your SL above the pattern support and target of 100 EMA
sell for short term buy for long term (SWING)you can sell after break of 50EMA (512) to the target of 488 with sl of 526
chance is very low for short trade this week it may consolidate for make fake move
Note: This is for educational purpose only. Please do not trade in F&O.
It is just a view, pls trade at your own risk
MARICO - bullishNSE:MARICO is respecting the trendline and forming a bullish ascending triangle. If it were to complete the triangle, it would reverse from resistance or continue to consolidate while respecting the trendline/triangle boundary and breakout as it nears the end of triangle. It is also in a narrow ttm squeeze (cyan dots on SQZPRO indicator) with increasing momentum. so it's getting ready for a big move sometime soon.
MaricoTriangle pattern
Expected Breakout
Bullish pattern in NIFTY FMCG as well.
Target levels marked
**Educational View
MARICOThe data seems to say something as of now, and looks to have some upside.
It can be a long with 496 as stop loss for target of 510 and 518-520
If you get near 500-502 levels, keep 496 as stop loss, else from current levels you can have stop loss of 502.
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5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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