MARICO trade ideas
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 - Intraday / Swing Trade SetupMarico CMP - 414.95
Looking bullish in higher time frame. One can go for Intraday / Swing Term Trade setup with the following entry, exit & targets
Buy at or Above 415 / Stop Loss 410
Target 1 - 420
Target 2 - 425
Target 3 - 430
Swing Target - 450 / Stop Loss 398
Disclaimer: This is my view and for educational purpose only.
MARICO given breakout on hourly time frame & DAILY TIME FRAMEMARICO given breakout on hourly time frame & DAILY TIME FRAME
Breakout in MARICOBoth Daily and in weekly chart breakout .
👉Update of previous MARICO chart attached below .
👉 Breakout confirm now.
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 - Triangle Breakout ExpectedMarico getting resistance at 380 , Breakout expexted as it was already attempted thrice . A perfect swing breakout trade... Target on chart.
PATTERN SPEAKS ITSELF.ASCENDING TRI ANGLE BREAK OUT.BUY AT CMP.STOP LOSS EXIT IF CLOSE BELOW 365.TARGET 430+++ HAPPY TRADING FRIENDS.
MARICO BUY (INTRADAY AND SWING)A beautiful ascending triangle seen forming in marico.
a successful breakout above 380 would mean a successful pattern breakout as well and the stock is good to buy above 380.
keep intraday target as 390.
Targets for swing trade-
Target 1- 400 would be the 1st target
Target 2 - 430-440(calculated as per ascending triangle general rule)
NOTE: the triangle formation is forming very close below 400(also past resistance). If the triangle breaks with good volume and momentum there are great chances of 400 level also being taken out.
NOTE : the key thing to look out for is a strong close above 380.
Marico (Will it sustain the breakout and continue Upwards ?)Marico has just broken through a triangle on the 6th and is looking to continue its rally. A trade could be picked up on a retest or a break of previous days high which will also mean a breach of the resistance area which it has struggled to breach for a while now. The MACD has also formed a bullish structure supporting the uptrend.
The market as of this week should ideally pick up a short term trend on the back of Joe Biden being elected as president and hence the sentiment/price action shall follow. Some Volatility might be expected on the back of announcements made by the incoming president or any hurdle posed by trump which he is likely to do and there might be a sudden reversal in the trend.
So as for a trader these situations can be very tricky and might cause losses in a very short time. Please be careful and trade with caution.
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
Marico - BearishMarico CMP - 349.85
Looking bearish in daily time frame. One can go for Intraday trade setup with the following entry, exit & targets
Sell at or below - 346.50 / Stop Loss 352
Target 1 - 343
Target 2 - 338
Target 3 – 335 / 333
Note: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
MARICOMARICO IS AT ITS LEVELS FROM WHERE TREND MIGHT CHANGE, BUT IF 358-360 HOLDS EXPECT 366, 372 AND 375 COMING.
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
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.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
