Marico - Ready for bouncebackWill be a great level to buy near 635
View negates below 620
Expecting 700
Waiting to break the trend & make HH-HL
Maricoswingtrade
MARICO Distribution PhaseMarico 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.
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.
Maricogainprofit066
High : 18/10/2021 : 607.70
Low : 25/03/2020 : 245.50
75% : 517.15
50% : 426.60
25% : 336.05
Marico trendline BreakoutThere 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 .
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.
Marico Reasons to Go long(Buy)*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 ready for BreakoutMarico is ready for Breakout
one can go long with minimum risk, if it breaks 555 with good volume.
Marico making Symmetric Triangle Pattern in 30 min TimeframeWe 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.
