#marico 3 Reason to Break 2 year Long resistance 1 - Inverse HnS pattern 2 - Current Bullish Engulfing Candle with good volumes 3 - FMCG Sectoral Index about to BO. Marico Tried to break 400 earlier in Dec 2018, then in 2019 consecutive 3 months but could not sustain and had a free fall. Now these 3 reason are enough to breakout with 360 SL for positional holding.
Levels mentioned on chart, being ready for big upmove
Long Marico at PoC - 362.5 Sign of Strength - Stopping Volume + No Supply SL - Exit id day's close below 355.5
Seems weak below 370 for 365/360. Regards
Intraday Setup: Looking good between 379-381. For 390/400+ with SL of 375. Price showing good momentum so far. It has already confirmed it self so we can take trade but after waiting for first 45 mins. Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Im not an expert im just sharing my views on MARICO for tomorrow Im not responsible for any profit or loss this is not a recommendation
SELL MARICO AT 364.5 SL 371.7
Marico Limited : ( NSE:MARICO ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for iNTRADAY Traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing...
Marico Limited : Consumer Goods Company ( NSE:MARICO ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or...
Buy Marico after the TL BO @ level of 365 for the target level of 382 with the SL of 355. High probability good risk to reward trade. Always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask. Watch the August month performance sheet. All trading ideas freely...
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 is in uptrend looks good for short term buying target 1- 369.30 target 2- 380.45 idea for educational use only. NSE:MARICO
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...