Marico expecting a good breakout.weekly gap and sideways consolidation can lead to next good target in coming days.
MARICO trade ideas
MARICO - Bullish Consolidation with VolumesNSE: MARICO is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Marico looking good for LONG-Short term target is 550Marico looking good for LONG -Short term target is 550.
MARICO- Daily/Hourly Timeframe-Bearish patternStock is looking weak in daily time frame. From past few days it’s not able to cross it’s previous swing in daily time frame. It’s at crucial level 520-523. It has bounced multiple times from this lvl.
However, if this lvl breaks on 30th June it will be good opportunity to go short.
Please make sure there should be a bearish price action in 5/15minute time frame for intraday trades.
This is only for educational purpose, please manage your risk accordingly.
strong buy on marico will buy tommorow my targets are 550 / 560 in 3/4 months marico is at a great buy zone strong conviction at this moment but lets see how things un folds
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.
marico on big supportThere is weekly 200 ma resistance just under the support.
Fibonacci golden level of 61%
There is major support zone.
Buy i dont feel that Marico should be bought in this bear market.
MARICO Buy for intraday tradingMARICO Buy for intraday trading if stock break the given resistence level...........
Marico view for today 7th FebMarico view for today
Follow strict stop loss and risk reward
Thanks,
Vichithra
Marico view for today 6th FebMarico view for today 6th Feb
Descending channel continuation expecting in Marico ltd for 6th Feb
Please follow strict risk reward and stop loss if u follow the level
Thanks,
V Trade Point
MARICO sell for intraday tradingMARICO sell for intraday trading if the stock breaks the given Support level............
Marico view for todayMarico view for today
Descending channel discontinuation expecting (breakout)
Follow strict risk reward and stop loss if u follow my level
MARICO BUY IDEA 18.01.2023NSE:MARICO has been closed above resistance of 502. My idea is to take entry at 502 with stop loss of 495 (-7 Points). My up side target will be 522 (+20 Points).
Note: This is my personal analysis, only for learning. Thanks.
MARICO BREAK IT'S TRIANGLE PATTERN Marico breaks its triangle pattern
all details are given in the chart
sorry I was not posting ideas because I was traveling
MARICO Marico ready to grab pending orders
my view expecting breakout as per trend strength
all levels shared for educational purpose only.we are not sebi registered
MARICO stock going to fly??? as per my analysis Marico stock in 495 act as strong support , if support as hammer in 495 expect upside target 819 days
Marico From past few months there is tragic and sharp fall in the stocks, but few stocks are able to sustain this market and one of them is Marico.
If we observe the chart pattern the stock has been in range so far.
The short term duration, in daily as well as 2 hrs chart has range bound making 'Rectangle pattern', but on this account forming 'Rounding Bottom pattern' with 'Hammer candlestick' on the downside which is bullish pattern in technical terminology.
As per fibo levels 503-512 are support to short term resistance zone.
RSI indicating good upward movement above 50 at the moment and volume has been good as well.
For buying the stock range must be near 502 for 512, 520 on short term basis and for long term once it crosses 536-540 we may see a good upside till 600 levels in coming months. 497 and 475 is a good support respectively for now if it breach those levels we may see further downside so can take it as stop loss.
Disclaimer : these are my personal views please contact your advisor before taking position in the stock.
Marico all set for 800 levels by next yearNice monthly breakout.
Marico all set for 800 levels by next year.
Keep adding on all dips
Happy Investing
TTT
Marico Trade setup Idea - 15 september 2022Marico has shown a breakout of the range after quite some time, if this momemtum continous then we could see Marico reaching 550 levels again.
I would go long if it crosses 535 levels, with a stop of 3-4 and target around 550.
