MARIO Wedge BreakoutMARICO has been moving in a rising wedge since 2017. testing the upper edge currently. Awaiting a breakout/ reversal on account of results today
MARICO
My PredictiveEngine's Intraday call(18-Apr) - MARICO - ShortBased on my PredictiveSystem's signals, today (18-Apr) its going to be a RED candle for NSE:MARICO
Sell below: 319.1
Target-1: 316.8
Target-2: 315.3
Target-3: 313.8
Stop loss: 321.7
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
MARICO: Buy around 312.8 SL: 310 and Tgt: 322.50MARICO traded in HIGH volumes on NSE today which broke above Ichimoku cloud.
Buy MARICO at 312.80 with SL of 310. and Target of 322.5
MaricoMarico in symmetrical triangle pattern but now stock at upper range that is resistance for stock and now stock can move downside for next 3-5% in some days but there is resistance level matter if stock able to break level than you can see big jump in Marico because that consolidating for a long time for move but still not able to pick up buildup.
#Marico levels Resistance 320-323 and support level 301-303 (Buy only above resistance or near support and sell near resistance or below support.)
MARICO: Sell @ 302.1 SL: 304.30 TGT: 298.55MARICO has sold today with slightly larger volumes on NSE signifying a sell in MARICO around 302.10 with Stop-loss of 304.30 and TGT of 298.55
Marico Flag BreakoutThe stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
Marico : Parachute's fly to sky ??!Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :)
What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it.
Oh wait ! I have a personal interest & Disclaimer to Disclose : Yes, I use Parachute Hair oil !
Marico Continue to go upDay chart still not breaking support line continue to go up till 330 before April end NSE:MARICO
Marico false channel breakout.Marico has made false breakout and ended within the rising channel forming a shooting star pattern we may see further down side in the stock up the target of 288 in near term.
MARICO - EVERY DIP IS A BUY (Trend Continuation)It is been observed on the daily chart that the price action is trending up and now it is near to the next resistance levels of 282, once it breaks it then it shall further move up to next resistance levels of 290. It could become a good trade setup once it crosses above 282 levels.
Target 1: 286
Target 2: 290
Stoploss: 276
Marico trading at channel resistance may retrace to 270Marico has been trading in uptrend channel it closed at resistance of channel and may retrace from to support around 270 in near term.
marico finished bouncefor educational purpose marico tried very hard to take a bounce but it hardle touched 61.8% of previous downtrend. Now with sl of 281 go short for target 262. if 262 comes then hold position for breakdown the lower trendline to 254.
Marico: 200-DMA Crossover !!Price closes above the 200-DMA. Prior to the breakout, there was a nice consolidation which comes across as an accumulation pattern. Will price have enough strength to hit to test recent highs?
I don't know and am equally curious !!
Marico - Power of Lines Here, in this chart, you can see Marico's current price and the lines and levels that hold importance. Take trades according to them !!
Cheers :)
