At critical pointIf marico is able to close above 521 with higher high and higher low , it can be long with suitable SL.
*Not a trading or investment idea... Just a guess 😉.
Discuss with your financial adviser.
MARICO
Marico Swing trade neutral wait and watch for breakouteducational only.
heavy chance to break down
till level mentioned due to current scenario of market
maricoshare name : MARICO
call type : poistional
- share is forming a pennant pattern with
morning star pattern
- a good consolidation can be seen around 1 yr
- we can accumulate this share at level 500-480
with sl of 470
- approachable targets 550, 660, 660
Thanks
Colpal looking good for upmove
*If today closing done above counter trendline, one should enter at end of the day.
*Target -1680
* SL - low of the green candle
* FMCG sector is shining .
* Nifty FMCG at vege of breakout of all time high
MARICOHi guys, In this chart i Drew My Best Levels in MARICO for Long, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
MARICO - Breakout from Range - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
MARICO - Ichimoku Bullish Breakout Stock Name - Marico Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 552
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Good Intra and Swing trades with Index ideas for 22 Sept marketI daily make educational content videos for financial markets
Why am I bullish on Marico. Analysis on Daily, Weekly & MonthlyPatterns play an important role in trading. Especially when the same patterns appear on the different time frames.
In Marico we see the formation of triangle patterns on Daily, Weekly and Monthly time frames.
Daily Chart - Ascending Triangle Pattern
In two trading sessions the price had tested the upper and lower length of the triangle.
So, from this we predict the price is ready for a move.
Weekly / Monthly Chart - Symmetrical Triangle Pattern
This triangle pattern has a success rate of more than 70%.
And the price is near the upper length of the triangle on both time frames.
If we see the broader picture of these 3 time frames the stock looks bullish as it tries to move upside.
The price may be volatile on the daily time frame. The probability of the volatility is very high.
The volatility on the daily time frame makes the price comfortable on the weekly and monthly time frames.
Buy Marico to play the moveThe stock looks bullish on 3 parameter strategy.
Sentiment: Bullish
Buy near the opening price
Marico -Marico was stuck in range since June, forming a Range contraction setup.
-Before breaking out, it forming inside bar formation and finally gave close above trendline.
-RSI has been facing rejection from 69-70 levels in the past, though RSI has broken out will watch out if this time RSI is able to break resistance
MARICONSE:MARICO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Invest in Marico?Personal, I am waiting for MARICO to drop below 510rs in the near future for my first entry into the company. Marico has a complete dominance in the oil industry, and right now, Marico is heavily focused on their Saffola brand, with an aim to generate 850cr in revenue from the brand.
And the earnings from saffola in 2022 is extremely strong and expanding.
MARICONSE:MARICO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
MARICO - Looking good for accumulation Marico - looking good for accumulation. Can rally once 500 crosses
NSE:MARICO TL BDNSE:MARICO
#NSE:MARICO trading near TL, BD possible,
Breaking 483 may show good fall.
Happy LEarning !!
Marico - ChannelMarico is moving nicely within the parallel Channel.
At the bottom of the channel it has shown a reversal, if the momentum continues it will give an easy 10%.
Trade Carefully!!
MARICO Long idea (Intraday)Price gave a pullback to the key zone area and gave good closing. All the analysis and levels marked on chart.
#MARICO Long#MARICO Long
Breakout retest & breakout
Strong base around 505-510
Buy at CMP- 5229
SL- 505
Target- 571, 588, 602
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Marico - Swing Trademarico could be a good swing trade with decent RR of 1:2 ++. Given on the chart are the levels of entry and stop loss. Plan your trades accordingly.
