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Trade-Technique
Dec 27, 2019 6:16 AM

Let's find the number to enter in the MARICO. 

MARICO LTDNSE

Description

The thing to note is that the stock is having a strong channel that can be seen by the chart up-trend and down-trend follows tightly.

Another thing is to be noted: WHen this stock takes a turn, the big move creates on the single day of secession. So far we have not seen any such thing/big move on a single day o trading.

As per the daily chart, this stock can test 320 nearby. This is the meaning that stock has remained one sharp fall.




Almost all the major resistances and supports are mentioned in the chart. if you look carefully, you will realize that all majors resistance became stronger support.

As per above statement, (c) has already taken as a support 334.2.

Expected investors entry between 228-23[/b]2 range for the 357-361 target on this stock.

Primary trend is up and we want to move the direction of primary trend therefore, buying on this stock is worthful.

Trade active

as expected MARICO started fall downward.
Comments
preethemmufc
Impressive,cheers on the analysis
acprakash
Should we enter it OR wait till 320..? as u said already taken support at 334..?
SenbagaRaman
Yes... It can touch 315-320 Its Harmonic PRZ Level of Bullish Crab Pattern
Sushant14
High level analysis ...🙌 .....👍
Trade-Technique
@Sushant14, thank you
sandeepbhatt19
Excellent analysis Kinnari.
I want to learn this kind of analysis can you please guide me.
Trade-Technique
@sandeepbhatt19, sure thank you.
tradepundit
Nice analysis, I have entered today already at 339, sould I average at 330? and what should be my SL
Trade-Technique
@tradepundit, i think 328 is good to average.
Stock_Terminator
Awesome chart!
Can you please explain this? "Expected investors entry between 228-232 range for the 357-361 target on this stock."
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