MARICO - Good for an upmove Marico - readying for an upmove. Could rally higher if 555 crosses decisively
MARICO trade ideas
Swing Opportunity in MaricoGo Long above 562.65 for Targets of 577.75, and 592.85 with SL 547.55
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
MARICO INTRADAY PREDICTIONTomorrow marico price prediction, its just trend and support base prediction.
Marico - For BuyVolume suggest Selling climax is done
Stock not making any new lows
Resting on strong support area
If holds 600+ levels possible again
View negated below 640 (CLBS)
Marico Inside bar with L3 Inside CPRMarico Inside bar with L3 Inside CPR
Marico Inside bar with L3 Inside CPR
Marico Inside bar with L3 Inside CPR
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.
Analysis: Upward Parallel Channel+ Mini Channel+ Moving AveragePoint to understand:
The price continuously moving in upward channel pattern and taking a key support at moving average .
Within a broader channel, multiple mini parallel channel were formed and moving the price to higher high.
The delivery percentage of stock is quite high in past few weeks.
Entry will be at broader channel breakout
Disclaimer: Consult your financial advisor before trading or investing
strong buying side maricoHello guys i had find this trading setup with is on good support of trendline and also broken horizontal trendline we have a very low risk trade with below sl and target above 1:4 its really good RR ratio also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow thank you god bless you
MaricoMarico is about to break it's all time high. It seems good to buy at these levels with stop loss of 558 for the immediate target if 620 and in some more time for 680 (with trailing stoploss of 620).
In one hour time also it formed a rounding bottom pattern which also indicate for long.
RSI just crossed above 60 last day and showing strength.
Marico - sell sell > 572 upto 575
easy tg - 564
positional tg - 545
Disclaimer : This is my personal analysis for study purpose not intended for trading
BUY BUY BUY@Thakurji46 From Trader for Trader💸
Buying the Dips and Selling the Rips
#TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
MARICO FLAG RISK REWARD 1:2BUY CMP
SL-549.50
TGT- 596.50
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Marico - sell on riseSell > 552 to 555
easy target 530
Disclaimer : This is my personal analysis for study purpose not intended for trading
FORMATION OF TREND REVERSAL CANDLE In both fmcg and Marico showing reversal CANDLE.watch 15 M candle which type of CANDLE is form and what happen in volume.gives good return in short term.
