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.
MARICO trade ideas
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.
***********************************************************************************************************************************************