MARICO: a good bet for Market at all time HighDefensive stocks like marico gives much more comfort with all time high indices...
MARICO trade ideas
MARICO (Trend)-Heading for 550 (may be)?
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Please do NOT consider these as trade recommendations.
I' am an amateur and posting these charts helps me understand the market better.
I' am open for suggestions/advice.
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MARICO! FIBONACCI LEVEL! NSE:MARICO
Why should we swing trade in MARICO!
1. Fibonacci Retracement @38.2%
2. Continuously ruling in the up trending channel after breakout
3. On 1 hour time frame having 50 EMA support
4. On 15 minutes time frame having 200 & 50 EMA support
We can definitely go long and take almost 6.37% in coming 03-04 days. Hold above levels if momentum is too big.
Buy :: 563
TGT :: 581-- 598 & so on!
SL :: 550
Risk Reward Ratio :: 1 : 3
Happy Trading! :D
Marico - Breakout PossibilityMarico : Swing view
Looks good to break trendline resistance & Flag pole Breakout
Long above 580 with SL 560
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<<
Intraday opportunity to catch a big rangeIntraday opportunity to capture a big range. Fingers crossed for monday i.e 13th Sept. " Open = Low "........
MARICO RANGE BO DONE RETESTED AND SUSTAINED VERY WELLAs u see price action on chart.
Stock was in nice Uptrend then formed the range and now Breakout done Retested and Sustained very well with continuously Volume building up
SWING TRADE OPPORTUNITY
BUY @ 575 FOR TGT - 625,675+ WITH STRICT SL @ 525
Marico Positional Long Setup @ 575Stablefork recently gave a Buy Signal on a Daily chart in Marico
R:R the setup can be used for positional trade
Long @ 575
T1 608.55|T2 640.75|T3 743|| SL 544
Long Marico LTDThis scrip had brokeout from a range then retested the resistance and now it had broke the Monthly CPR resistance with good volume as well. bove theAll these generated a buy signal for this scrip. One may long this scrip now with SL below the resistance or below the range based on their risk appetite. This scrip is trading well above the 21EMA, so there might be pullback before a big up move.
Marico stock to take long entryMarico stock to take long entry & once again new high can be seen in coming days. Long after the BO & resistance cum support zone above the price of 559 with SL as per marked area. FMCG sector moving all time highs. Today seen some correction in the sector . These type of correction is the opportunities in the stock market. stock is moving above the 50 as well as 200 EMA. This is for your educational purpose only.
Marico stock to take long entryMarico can take long entry. Keep in your watch list. Can make new high of the stock.
MARICO in Channel Updated chartPerfectly following a channel . it couldn't sustain the channel evasion and lead to downward pattern.
just my observation that it will start some correction trade from here . it may fall till 538, 525 then again rally will start .
Marico stock to take long entryMarico stock at the verge of BO level. Can take long entry above the price of 540 with SL 529 for the target price of 565. Wait for the stock price to restest at the support area . This would be sniper entry with good risk to reward trade. This is for your educational purpose only.
Marico looking good , break out from darvas box Marico looking good , break out from darvas box , good breakout with discent volume
Breakoutmarico Stock is good break out. cmp 569.5
Best discounted price to buy 543.7
Target 1: 597.3
Target 2: 630.45
target 3: 650.9
Buy Marico above 554Marico'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 bounced off of the demand zone and closed above point B with high volumes. This tells there's momentum in Marico. As per the butterfly pattern, traders often trail their profits until point A of the pattern. It makes it necessary to ensure the price sustains above 554 for a new upward rally.
Stop loss is mentioned on the chart and for targets use fib ratios on the chart for trailing profits. If there's any development in the targets or pattern, I will update here.
Happy trading, :)
This is not investment advice. Please consult your financial advisor before investing.
#marico bullish divergence at resistance potential breakout#marico multiple bullish reverse divergence seen on weekly timeframe and also
a flag kind of pattern that could potential move it up is seen.
daily seen at a 4 times tested zone and therefore not wise to enter until
a green close above it is confirmed.
