The price had made an All-time high and then retested it and now been forming a slanting trendline and once it breaks then can give good upmove. One can add with SL 390 on WCB. There is no resistance so it can be a very wild ride.
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a...
Marico is now taking support at Daily trendline as well as Hourly Trendline .
Trade Setup :-
Buy @ or above 403,
SL@ 395 (Below the trendlines and swing low)
Targets :- T1: 412, NSE:MARICO
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level...
Best Position for invest in longtime.
Stoploss: Weekly Closed below 380
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
MARICO LTD :
STRONG BREAKOUT ON MONTHLY CHART AND IF SUSTAIN ON MONTHLY CLOSING WOULD BE A STRONG BUY SIGNAL FOR LONG TERM TRADING OPPORTUNITY ( INVESTMNET IDEA). SINCE WEEKLY CHART BREAKOUT IS HAPPENED AND SUSTAINED, SO A BUY MAY BE INITIATED FOR LONG TERM TRADING/INVESTING OPPORTUNITY ON MONTHLY CHARTS.
TRADER MUST FOLLOW RULES OF RISK MANAGEMENT i.e. STOP...
#marico 3 Reason to Break 2 year Long resistance 1 - Inverse HnS pattern 2 - Current Bullish Engulfing Candle with good volumes 3 - FMCG Sectoral Index about to BO.
Marico Tried to break 400 earlier in Dec 2018, then in 2019 consecutive 3 months but could not sustain and had a free fall.
Now these 3 reason are enough to breakout with 360 SL for positional holding.