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.
📈 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
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Any comments and...
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.
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.
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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...
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 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...
Marico'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...
We can Trade Marico with good confirmation
Long entry (with good confirmation only) : Cmp
Tgt : 555
Sl : 523
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose 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]")
