Black Friday saleUp to 70% OFF

Maricolong

MARICO - raising momentum My view on MARICO : Working in categories of hair care, skin care, edible oils, immunity boosting and healthy foods, male grooming, and fabric care with a turnover of more than Billion $. From the stock movement perspective : On Daily time frame: Close crossed Weekly and Monthly Pivots Upside. Close is trading above Daily, Weekly, and Monthly 20 SMA Also Daily SMA 13 > SMA 34 > SMA 55 and close crossed above D-13 SMA. Monthly and Weekly RSI is > 60 and also Daily RSI bounces from 40 VWMA is also moving up and Daily > Weekly > Monthly On Hourly time frame: - Price should take mother candle formed on 26th Aug to reach next highs The next target will be 686 Incase if interested - take a small quantity - wait for the level to take off and add more for long term. Finally, we see Normal NR7 today. If the market sustains at current levels - we should see a potentially good upside based on the trend.
NSE:MARICO
by rvc8280
MARICO - Breakout & Retest Setup!Overview & Observation: 1. 70% Fib support zone. 2. Good volume support 3. Breakout & Retest done. Trade Plan: 1. Eyeing 20% upside with 10% SL 2. RRR is okay, not great! - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
Editors' picks
NSE:MARICOLong
by SuperNova396
3
Marico Analysis !! Broke Out.📈 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 revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:MARICOLong
by ShelendrAgrawal
Marico looks good above 511MARICO 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 critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:MARICOLong
by this_is_shoaib
1
Simple Trade Setup | MARICO | 31-01-2022 [INTRADAY]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 gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:MARICO
by Trading_hawk
1
Cup and Handle, go long after strong breakoutThere 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 . Not all patterns work with 100% accuracy . Place a logical stop-loss according to your risk management.
NSE:MARICOLong
by Rehan_sharif