Marico 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
Breakout retest & breakout
Strong base around 505-510
Buy at CMP- 5229
SL- 505
Target- 571, 588, 602
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Charts and views are only for educational purpose.
Marico fell today by 4% on decreased volume growth news in the last quarter. If it approaches marked levels then will be a good opportunity to add to the portfolio.
Hello Friends,
Here is MARICO LTD TRADE SET UP as per ELLIOT WAVE theory, Marico ltd chart just finished wave 5th and now Ready to move up we can enter near 490 to 505 with stop loss of 450 closing basis for the TARGET of 600.
Thank you,
Happy Trading.
📈 Marico 📉
Marico broke out from a resistance zone 515-520 on closing basis after testing three times.
On Buy Side I am looking for Targets of 550 followed by 580-590 Zone.
StopLoss should be kept in 505-510 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and...
Marico is giving breakout above 520 a crucial level also the highest call oi strike,
showing strength with rising volume.
Both RSI and MACD supporting the up move.
Marico Limited is a consumer products company operating in the beauty and wellness space. The Company's principal products include edible oils and value added hair oils. Company's brands include Parachute, Nihar, Saffola, Hair & Care and Livon.
Current price is more than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock...
MARICO looks good above flip level
1.CROSSING 200 MA
2.BOUNCED OF FLIP LEVEL
3.BOS CONFIRMED
4.NOT CLOSING BELOW 509
BUY ABOVE - 511
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Any comments and...
NSE:MARICO
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel and already took support from it.
On Friday it made good bullish candle and also closed just above 510 level.
Now immediate major resistance is at 520 level.
Please refer below chart : 1day Time Frame.
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Trade...
MARICO
Looks good above 503
Targets:- 514/553/582/600+
SL:- 455
Chart shared for educational purpose
Do your own analysis & research before taking any investment idea.
NSE:MARICO
Trade Setup for 31-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or...
NSE:MARICO
Observations:
1) On 15 min time frame, we can see that it made regular bullish divegence as price made lower lows and RSI made high lows.
Please refer below chart : 15min Time Frame.
Also today on 15min time frame, we can see that it made almost flat lows and RSI made higher lows which is also Exaggerated Bullish divergence.
Please refer...
Intraday Pick for Tomorrow - 05-01-2022
Stock Name : MARICO
Time frame : 15 minutes
Wait for proper breakout and retest for entry.
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![MARICO: Simple Trade Setup | MARICO | 07-02-2022 [INTRADAY]](https://s3.tradingview.com/b/BOpTD7HL_mid.png "Simple Trade Setup | MARICO | 07-02-2022 [INTRADAY]")
![MARICO: Simple Trade Setup | MARICO | 31-01-2022 [INTRADAY]](https://s3.tradingview.com/y/YV5OR1ky_mid.png "Simple Trade Setup | MARICO | 31-01-2022 [INTRADAY]")
![MARICO: Simple Trade Setup | MARICO | 25-01-2022 [INTRADAY]](https://s3.tradingview.com/m/M8rm2WU7_mid.png "Simple Trade Setup | MARICO | 25-01-2022 [INTRADAY]")
