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Maricoltd

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 | 07-02-2022 [INTRADAY]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 Setup for 07-02-2022 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
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
Simple Trade Setup | MARICO | 25-01-2022 [INTRADAY]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 below chart : 15min Time Frame. 2) On 15min time frame, we can plan for a small trade, if RSI breaks the Resistence trendline then it will be quick buy trade along with price breakout of 473 with target of 476.50. But Safe buy on price breakout of 477 only. For short/sell trade, if RSI breaks down the support trendline along with price breakdown below 466.50 level. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 25-01-2022 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
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
Buy Marico above 554Marico's price closed with good volumes and RSI above 60. That's a bullish closure. This momentum could continue in the next trading session also. After falling off of the uptrend line. the price got corrected. Here we can see a bullish butterfly pattern on the chart, the demand zone is formed by the 1.414 and 1.618 fib retracements of the pattern. The price bounced off of the demand zone and closed above point B with high volumes. This tells there's momentum in Marico. As per the butterfly pattern, traders often trail their profits until point A of the pattern. It makes it necessary to ensure the price sustains above 554 for a new upward rally. Stop loss is mentioned on the chart and for targets use fib ratios on the chart for trailing profits. If there's any development in the targets or pattern, I will update here. Happy trading, :) This is not investment advice. Please consult your financial advisor before investing.
NSE:MARICOLong
by Sanjan91
Falling Wedge Breakout - Upside PotentialMarico is one of the big names in FMCG sector. Last week ended on a very bullish note for FMCG in general with HUL, Nestle, Brittania all being Nifty Top Performers. Marico seems to have confirmed a clean breakout above a falling wedge with good volume. RSI, MACD and SCHT Indicators seem Bullish as well. Stop Loss is kept at the bottom of our last day candle to avoid much downside. Target and Stop Loss mentioned on the charts as well. If you find it helpful, do drop a like and lemme know what you think about it in the comments below. Good luck Trading!
NSE:MARICOLong
by Aayush_Rungta