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MARICO LTD.MARICO LTD.MARICO LTD.

MARICO LTD.

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MARICO trade ideas

Marico - Cup & Handle & Rectangle PatternMarico is making a cup and handle & a rectangle pattern on weekly time frame. Once breakout is done, we can see levels of 760-800. Keep monitoring and once breakout is done, we can see quick moves given FMCG sector is go-to sector now. Other factors: 1. Volumes have increased substantially, pls see weekly volumes 2. RSI is above 60 3. MACD is becoming positive 4. On breakout the price will break Oct'21 price, price breaking out of a long drawn structure has high potential "Clean Charts, Easy Charts" Learning & Earning !!! Cheers!!
NSE:MARICOLong
by Cleaneasycharts
Amazing breakout on Weekly / Daily Timeframe - MARICOCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-) Also, the stock has made a retracement successfully, it's a great time to enter for long term accumulation.
NSE:MARICOLong
by Yoyohoneysingh93
Marico Ltd.( potential to break all time high) Sector: Household & Personal Products everyone knows MARICO the FMCG player in INDIA offer great value to portfolio... fundamentally MARICO offers ROE 34.27% & ROCE 39.82% @ only 45.07 PE . Technically, as we can see on chart, price in HTF demand zone.. on DAILY chart we can see consolidation in bottom seems accumulation and PRICE may take upside move after breakout.... one can accumulate this stock in a gradual manner for the TGT 590/620....
NSE:MARICOLong
by RISINGSTONE
MARICO bullish; above 610 ? - Thursday 23-May. The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
NSE:MARICOLong
by JJ_Breakouts