MARICO "Doji Formation"Marico confirmation based on :-
1. Doji Formation
2. Support zone (Demand zone)
3. Good Buying volume.
Keeping Stoploss @ 360.
This is my view and lets hope for the best.
MARICO
Marico looking good for buyingMarico is in uptrend looks good for short term buying
target 1- 369.30
target 2- 380.45
idea for educational use only. NSE:MARICO
Marico stock in bullish mode.Stock of Marico is on bullish mode at all TFs. Now stock is forming the double bottom pattern . After the neckline and as well as resist level broken a very good buying opportunity will be formed. Buying above the level of 379 for the target level of 405, if stock able to sustain above the level of 405 so we can see the next level of 415 very soon . SL can be kept at the level of 368. So add the stock in your watch list to see the price action movement of the stock. This would be life time high of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
MARICO intraday - 11-08-2020Buy above 372.5
Target - 377-379
SL - 370
*Strong resistance near 380 keep close watch near this price zone if open gap-up avoid trade for first 5 min
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
MARICO LTDMARICO LTD:- BUY RANGE 350₹-375₹ for Target 400, 450++
Stop-loss:- 320₹ CLBS
Disclaimer:- Breakout with vol. accumulation seen in past days..
Breakout on Marico Breaks almost one month range we can see a good movement on tomorrow.
Targets 370/380/385/390
Marico: Heading towards ResistanceThis is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone.
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Stock Analysis of Marico Marico - CMP - ₹357.10 Dt.–25-07-2020
I have taken the 4-hour chart and in the chart, you can see the stock is in an uptrend and was taking the support of red trend lines and now the stock is moving up and down between support and resistance line placed at ₹342.80 and ₹358.85 respectively.
The price is also moving upward, trapped between the purple trend line. If earning beats estimates, the stock will move upward, beating resistance placed at ₹358.85 and then it will try to break the purple line. If fresh buying come after the stock breaks the upper purple line, then the price can go up to ₹374.25.
If the price falls because of bad earning report or for some other reason, the stock will break below the purple trend line and then the support level which is placed at ₹342.80.
Price is closed above 50DEMA in 4-hour chart as well as on the Daily chart.
VOLUME DIVERGENCE IN MARICOSee the price increasing but volume decreasing, which is a bearish indication. For now the stock will move up but the trend can reverse in upcoming months.
Marico Near the NecklineMarico took a huge period to create this pattern
And the neckline is also acting like a strong resistance
once it got broken we might get some long entries!
MARICO Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MARICO - Looks good The formation here is an inverted Head and Shoulder.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
MARICOSell MARICO Below Rs . 341.50 for The Target of Rs . 336 ..
Stoploss- 345 ...
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Thank you,
Vishwajeet Sharma
Marico set for an up moveMarico is travelling in a channel, it has touched its lower trend line and also taking support at its 20 day ema. Buy for a positional target, T1-360, T2-375.
* For educational purpose only
MARICO SHORTI have a negative bias on the FMCG sector this week. Marico has been in a strong uptrend on the 15 min chart, using the 200 Bollinger Bands, its visible how the price is moving very very close to the upper end of the Bollinger range.
The strategy is to capture the decline from the current highs. The previous high is the first target at 351 and second target at 346 slightly below it.
Short at CMP.
SL:360.85
T1:351
T2:346.
Risk Reward - 2.7:1
Marico ConditionalGo Long if close on/above 350.
T1- 369 ; T2 379 ;
SL 340
Ideas are shared assuming delivery based trades only.
Research for Educational Purpose.
Inverse Head and Shouldermade Inverse H&S after a short downtrend good for buy above 356 in intraday.
for Swing always good.
