MARICO trade ideas
[Positional] Marico Resistance BetIf it breaks out thats ATH break. Will do intraday trade if buy triggers.
Will do Positional sell if sell triggers.
Note -
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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maricoconsolidation zone but i would keep a look on this stock, its near its all time resistance zone, if it crosses it we can get some huge profits
MARICONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading.
#marico moving in a channelThe scrip is moving in nice channel, breakout will push towards 485/500 else will move again down .
Regards
Marico from 30 may 2021Same pattern as lupin ... _> can follow fib sequence for entry exit and stop loss
INTRADAY SETUP MARICOWATCH THE IMPORTANT LEVELS FOR MARICO -----INTRADAY
BREAKOUT NEEDED ABOVE THE IMMEDIATE RESITSANCE AND TRENDLINE
CONFIRM THE TRADE WITH A PULLBACK
MARICO #StockMarket #StocksToBuy #StocksToWatch #stockmarkets MARICO, after Rounding Top shown breakdown ...
Look for shorting opportunity after retracement ...
Marico multiple patterns good bet for 550 ++Marico completed H&S and forming bull flag at one can go long at flag BO above 475 for target 550. SL 463.
Question on MaricoGood move in recent times, But it did breakdown post small consolidation..
Previous resistance levels of 425 should act as critical support now..
Pithfork lines should give some bit of support and can be used for future price action.
For short term I would be cautious till trading below 465
Investors should look to enter near 425
If holding for long term SL close below 400
MARICO 1WConsolidated over a long period i.e. 4yrs
In strong uptrend
Strong fundamentals
Given breakout with high volume
Near term targets are given for positional trade
Good to invest...
MARICO 1WStrong consolidated over long period(4 yrs)
Given Breakout with voume
Strong fundamentals
Near term targets are given for positional trades
Marico - Descending triangle patternPrice forming descending triangle pattern and breakout is due on monday.
Marico Inverted Head and Shoulders Breakout in Weekly Timeframe!Marico has provided an inverted head and shoulders breakout in the weekly timeframe, can be confirmed with huge volume during breakout.
Chart of the Week: MARICOMarico has been shortlisted on our weekly scan and has been selected has Chart of the Week among several other stocks. Marico has a beautiful structure on weekly charts for long term investing and last week has a breakout with a large weekly candle and a very high weekly volume clearly visible as several times higher than average weekly volume.
