Sector: Household & Personal Products
everyone knows MARICO the FMCG player in INDIA offer great value to portfolio...
fundamentally MARICO offers ROE 34.27% & ROCE 39.82% @ only 45.07 PE .
Technically, as we can see on chart, price in HTF demand zone..
on DAILY chart we can see consolidation in bottom seems accumulation and PRICE may take upside move after...
Hey Folks !
All the important levels are marked along with the description.
These levels are marked for expected Uptrend.
Strategy is simple.
Entry point is the value buying area .
Stoploss is the yellow line.
Targets are the upper green lines.
Club these levels with your analysis to have an edge.
Dear Folks! If you find these analysis useful then boost the Ideas.
Formation of Descending Triangle pattern in MARICO, can take trade after support break. This sharing is purely for educational purpose and not a stock recommendation.
MARICO is testing its important resistance zone(550) again and probability is high that this time it will break this zone and move towards all time high.
A successful Daily closing above 550 will ensure more up-move and one can enter for a target of 600.
*This idea is for educational purpose only, trade at your own risk*
DABUR is testing its important resistance zone(550) again and probability is high that this time it will break this zone and move towards all time high.
A successful Daily closing above 550 will ensure more up-move and one can enter for a target of 600.
*This idea is for educational purpose only, trade at your own risk*
long consolidation in MARICO with more than 60 days consoidation.
keep watch on marico above 545-550
mostly a good long opportunity untill 600 and above.
have a good trade..
Marico has been been taking support near 520 levels in the recent past and has given a good breakout on 17th Nov of the short term wedge pattern it formed. Also it is trading above 200 MA and all these factors are suggesting a good potential upside in Marico with SL of 505/- on the closing basis.
Found Marico interesting for next 1 quarter.
Reason-
1) Huge investments worth 20k Cr coming in for diversification of product as well as manufacturing.
2) Increasing profits this quarter, showing a positive trend.
3) Looks undervalued on the charts.
Let's see if it can hit 560 again till Jan 2024.
Stoploss would be below 515.
let me know what you think.
Go Long above 492.55 for Targets of 510.6, and 528.65 with SL 474.5
Reasons to go Long:
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.381 Fibonacci level.
2. In addition to this there is a strong support zone (marked with...
