educational only. heavy chance to break down till level mentioned due to current scenario of market
Above 507 enables shunted rise towards 523 Increasing close is the signal!
share 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
*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
Hi 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
The 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...
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...
I daily make educational content videos for financial markets
Marico consolidating since Dec - Keep on Radar for BreakOut
Patterns 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 stock looks bullish on 3 parameter strategy. Sentiment: Bullish Buy near the opening price
-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
NSE: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
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.
NSE: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. Can rally once 500 crosses
Can plan Marico with 2% SL. It is a Swing Trade for Mid Term.
NSE:MARICO #NSE:MARICO trading near TL, BD possible, Breaking 483 may show good fall. Happy LEarning !!