There is a formation of cup and handle in Marico , go long after strong breakout of the resistance (purple zone) . Place stop-loss logically and targets according to your convenience . It has once retested the resistance but could not break , go long if and only if you see a good domination of buyers. Plus point the swing low has taken support from 200 EMA . ...
Hello guys i had find this trading setup with is on good support of trendline and also broken horizontal trendline we have a very low risk trade with below sl and target above 1:4 its really good RR ratio also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow thank you god bless you
Marico is about to break it's all time high. It seems good to buy at these levels with stop loss of 558 for the immediate target if 620 and in some more time for 680 (with trailing stoploss of 620).
In one hour time also it formed a rounding bottom pattern which also indicate for long.
RSI just crossed above 60 last day and showing strength.
*Always Enter With good confirmation & Maintain proper Risk Reward.
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Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Marico stock to take long entry & once again new high can be seen in coming days. Long after the BO & resistance cum support zone above the price of 559 with SL as per marked area. FMCG sector moving all time highs. Today seen some correction in the sector . These type of correction is the opportunities in the stock market. stock is moving above the 50 as well as...
#marico multiple bullish reverse divergence seen on weekly timeframe and also
a flag kind of pattern that could potential move it up is seen.
daily seen at a 4 times tested zone and therefore not wise to enter until
a green close above it is confirmed.
Marico is one of the big names in FMCG sector. Last week ended on a very bullish note for FMCG in general with HUL, Nestle, Brittania all being Nifty Top Performers.
Marico seems to have confirmed a clean breakout above a falling wedge with good volume. RSI, MACD and SCHT Indicators seem Bullish as well.
Stop Loss is kept at the bottom of our last day candle to...