MARICO trade ideas
Fresh long can be initiated in Marico#Marico chart setup looking good for fresh up move. Its above dynamic support and taking support at 50 MA.
#Investment
#ForEducationPurposeOnly
Marico | Resistance Breakout & Retest The same level 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Marico short term analysis ! As per chart pattern analysis, buy above 420.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
MARICO TGT 430-450?BUY #MARICO @ 410-415
STOP @ 405
TGT @ 423/432/450
IDEA: BUY FEB SERIES 400-420 CE
MARICO- Long. All time high breakout MARICO- Long
The price had made an All-time high and then retested it and now been forming a slanting trendline and once it breaks then can give good upmove. One can add with SL 390 on WCB. There is no resistance so it can be a very wild ride.
Marico upward breakout?Pitchfork captures the trend beautifully.
If price breaks out of the range, we'll see a very strong move upwards
Marico multi year breakoutMarico gave multi year breakout mid term term targets are Targets 421, 440, 458 Long term targets 484,520 and 700
MARICO # short term Bullish view#@DEC20MARICO After a clear upside supply zone breakout at (391-404) with huge volumes ..again the stock gave us the chance with testing pullback at those levels ,as per this we hope the stock is manage to close above 404
1)closing price =409.30
2) buy @ 410
3)Target @425,430&450
4) SL=403
MARICO All time high in Marico and has a nice cup and handle pattern on weekly and daily charts. Targets unknown but can easily look at 20 tp 25 rupees upside.
Not a SEBI Authorized advisor.Charts are for personal trading purpose.
Marico - Go Long after BOAfter rise, consolidating near top with little downside recently. Can break out, keep in watch.
MARICOA decisive break above 409 , stock might make a move to 412/418
SL : 402
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
