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MARICO

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.
NSE:MARICOLong
by TradewithAditya
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.
NSE:MARICOLong
by nikunjbhadja
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.
NSE:MARICOLong
by ssvirdi
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