Marico Ltd - Swing trade idea | Daily TF

Apr 26

Marico is showing a strong uptrend with consistent higher lows, respecting the rising trendline. Price has taken support near the trendline and is now attempting a breakout above the immediate resistance zone around ₹780–785.

Volume is gradually picking up and RS Rating (83) indicates relative strength vs the broader market.

Setup:

• Entry: Above ₹785 (sustained breakout)
• Stop Loss: ₹770 (below support zone)
• Targets: ₹810 (T1) and ₹850 (T2)

View:
As long as price holds above the trendline and ₹770 zone, bias remains bullish. A clean breakout with volume can trigger momentum towards previous highs and beyond.

Trend-following setup with favorable risk-reward.

⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.

Apr 27

Trade active

Trade active, crossed last session high.

Apr 27

Note

May 6

Note

First level price has reached 810. Good well.

May 7

Note

Price has crossed 830+ in today's session. Upmove is intact And likely to cross 850 soon.

May 12

Trade closed: target reached

Both targets have been achieved successfully. Trade completed.