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.
📈 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...
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<<
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.
