MARICO trade ideas
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.)
MARICOMARICO IS AT ITS LEVELS FROM WHERE TREND MIGHT CHANGE, BUT IF 358-360 HOLDS EXPECT 366, 372 AND 375 COMING.
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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.
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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.
hourly long 364.5-362.9 pro: 1. origin of location move 2. 3 exhourly long 364.5-362.9
pro:
1. origin of location move
2. 3 exciting candle in 5 min
3. origin of 5 min candle move
con:
1. smaller 5 min exciting candle
2. stock is near all time monthly supply, so if it comes downward, it can be aggressive based on margin of safty
MARICO
NSE:MARICO
REQUEST ALL TO SHARE FEEDBACK ON CHARTS PUBLISHED DAILY.
PLEASE SHARE YOUR STORIES/EXPERIENCE, AND SPREAD THE WORK SO THAT IT BENEFITS ALL
THESE ARE ALL MY SINCERE EFFORTS, A BIT OF FEEDBACK WOULD BE A BIG ENCOURAGEMENT
THE CHART IS SELF EXPLANATORY WITH LEVELS FROM IT CAN REVERSE AND ACHIEVE 375
ELSE DOWNSIDE LEVELS ARE GIVEN WHICH ARE ABSOLUTELY CLEAR AND IN PATTERN WITH PAST LEVELS
**********************************************************************************************************************************************
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.
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