Marico Limited is an Indian multinational consumer goods company providing consumer products and services in the areas of health, beauty and wellness. With its headquarters in Mumbai, Marico is present in over 25 countries across Asia and Africa.
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
Marico Ltd (MRCO) break out
Marico today crossed 50EMA. With strong volume breakout. Buy above 523. Time to go long in Marico. Next target 530,543,556, . thank you
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 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
77Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
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.
-------------------------------------
Trade...
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.
For more trading content follow us on ( @tradechefofficial )
There is a trendline breakout in Marico, go long after it gives a close in above 555. It will be a good swing trade as well. Place Stop-loss logically .
There is a formation of cup and handle in Marico , go long after strong breakout of the resistance (purple zone) . Place stop-loss logically and targets according to your convenience . It has once retested the resistance but could not break , go long if and only if you see a good domination of buyers. Plus point the swing low has taken support from 200 EMA . ...
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********I am not a SEBI registered adviser. All the information provided by me is for educational/informational purposes only. **********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
![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]")
