My view on MARICO :
Working in categories of hair care, skin care, edible oils, immunity boosting and healthy foods, male grooming, and fabric care with a turnover of more than Billion $.
From the stock movement perspective :
On Daily time frame: Close crossed Weekly and Monthly Pivots Upside.
Close is trading above Daily, Weekly, and Monthly 20 SMA
Also...
Stock showing signs of tiredness after bull run
Currently in LL LH phase
Strong resistance at 665-70 areas
It can be kept as SL if sold near 650-55 areas
Expecting 610-600 in coming days
Finally the FMCG counter ready to go above its 2021 highs. A new all time high will open the blue sky zone for the stock. Strong fundamentals, well known brands are the key growth leaders for the company.
Overview & Observation:
1. 70% Fib support zone.
2. Good volume support
3. Breakout & Retest done.
Trade Plan:
1. Eyeing 20% upside with 10% SL
2. RRR is okay, not great!
- Stay tuned for further insights, updates and trade safely!
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Disclaimer: This is NOT a...
NSE:MARICO is a buy if it holds 580 this week. A strong weekly closing on the back of strong numbers is exactly what this counter needs after months and months of consolidation. Let's go MARICO!!!
It is time to buy this low risk:reward setup.
STOP LOSS at 580
Marico has been been taking support near 520 levels in the recent past and has given a good breakout on 17th Nov of the short term wedge pattern it formed. Also it is trading above 200 MA and all these factors are suggesting a good potential upside in Marico with SL of 505/- on the closing basis.
Trend - Negative
If the price sustains below 541.40 then it could see the levels of 525 and then 510
The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level.
A strong bearish crossover near an important level of 28.60% (Fib retracement).
The breakdown of the Bollinger band
Hit the like button!! Show some energy!!
Disclaimer: This...
📊 Details
Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.
Disclaimer: This analysis...
MARICO :- On the daily time frame, the stock has tried to give a breakout by hitting the multiple time resistance, if we get a breakout, we may see an upside moment.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
March is at resistance and has been rejected. it has formed a head and shoulders in the Daily TF.
All the analysis and levels are only for educational purpose
