Marico - Buy Today Sell Today/TomorrowGood Technical Breakout
Looks Good for Short Term Target till 543+
MARICO trade ideas
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.
Marico - Steadying for an UpmoveMarico is Steadying for its Upmove.
Currently price is on Supporting lower trend line in 1 hr time frame.
Should form a base here for further upmove. Slowly it will move up and once the breakout happens price can go in uncharted territory.
traders shall look for short term.
Regards,
Prabakar
MARICO_IF FOLLOWS THE TRENDMARICO can show upside move if it follows the trend.
(for educational purpose only)
[ Positional ] MARICO Long BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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MARICO at Resistance MARICO - Be careful if you are taking fresh entry. I am bearish here. If you are looking for buy side let a day candle close above 511. Otherwise, correction pending in weekly and monthly time frame.
I have post similar chart for DIVIS LAB. Make fresh entry only above 511. Also take short entry below the yellow trendline.
This idea I only for educational purpose, please trade at your own risk.
Those charts which I have shared till yet has given high amount of profit, so if you like my idea please like, follow and share.
If you have any query related to stock. You can comment I will definitely clear all your doubts.
NSE:MARICO
CONSUMER MUST BE IN WATCH LIST ✌🏻MARKET STAGE 2 , SECTOR CONFIRM STAGE 2 , STOCK IN STAGE 2 😂
WHAT ELSE WE CAN SAY NO PRIOR RESISTANCE AND RELATIVE STRENGTH IMPROVING TOO
VOLUME CONFIRMATION ON BREAKOUT
ALWAYS REMEMBER EVERY TRADE HAVE A PROBABLE OUTCOME
IF STOP 1 GET HIT THEN CUT YOUR POSITION AND TRY TO MAKE POSITION NEAR STOP 2 AND IF IT BREACH LEVEL OF PRIOR SWING THEN MOVE OUT OF STOCK
EDUCATIONAL PURPOSE ONLY
STOCK ABOVE OVING AVG
MARICO - Candles at Channel SupportWe can see on the chart that candles are taking support at the support level of the up trending channel. The moving average set has also given a bullish crossover. Good opportunity to go long.
near all time high - FMCG sectorall time high stock don't have obstruction
only need is buyer and volume
Pennant flag patternA clear cut pennant flag pattern is formed and after the breakout, retest and continuation also happened. Can be bought at around 485 for a target of 510.
Please like and follow!
Happy Trading :)
PS- I always believe in trading in stock with good to medium fundamentals(can also be seen from my history of suggested stocks). The success mantra for trading is to mix fundamental and technical analysis to protect capital.
