MARICO
#Marico Bullish Bat Harmonic Pattern#Marico has formed a bullish bat pattern and is showing good signs of reversal
MARICO - Consolidating right now, will fall further ...MARICO - Consolidating right now, will fall further ...
Marico Trend analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 6 times.
MARICO 385 || SHORT || INTRADAYSELL below 385 SL 387
Targets 382, 380, 379, 378, 377
OR
MARICO 29AUG 380 PE (₹1.45)
Disinvestment / Rocket Sell MARICOFollow Chart Instruction.
if Wants to take Entry then wait for it.
Can Ask in Comment for Proper Entry when it reaches my level.
Short term trader wait and then took entry.
If HH broken then wait for my Short Entry chart.
if trendline broken then follow chart instruction or ask me.
Marico: Symmetrical triangle breakoutMarico has been consolidating from a nice and long uptrend for more than a year now.
This consolidation pattern appears to be a symmetrical triangle that is now broken.
Its certainly worth timing your entry for a LONG ride!
Happy learning!
-Team Stockshaala
MARICO (CASH)BUY for UPSIDE Target 1-389, Target 2 -400
and in DOWNSIDE Averaging Price 362 & STOP LOSS 350
Buy Low, Sell HighMarico would most likely make a move down first towards the most recent lows and then it could proceed to make a higher high. There is no sell setup yet, so caution advised if selling. If there is a sell setup that forms over the next few hours, then maybe sell could be looked at. The bias is to the upside so I would wait for the down move to buy and look to exit at a level higher, indicated on the chart. Classic Buy low - Sell high with a decent risk/ reward. Patience is the key here.
