Marico looking good for buyingMarico is in uptrend looks good for short term buying
target 1- 369.30
target 2- 380.45
idea for educational use only. NSE:MARICO
MARICO trade ideas
Go long on MaricoOne can see an inverted head and shoulder pattern breakout in Marico, the targets are - 400,420,445
IntradayTrade - MARICOIntradayTrade Setup For 24-Aug-2020
Buy MARICO Above Rs. 378 for the Target of Rs. 383 ..
Stoploss Rs. 375 .
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Vishwajeet Sharma
Marico stock in bullish mode.Stock of Marico is on bullish mode at all TFs. Now stock is forming the double bottom pattern . After the neckline and as well as resist level broken a very good buying opportunity will be formed. Buying above the level of 379 for the target level of 405, if stock able to sustain above the level of 405 so we can see the next level of 415 very soon . SL can be kept at the level of 368. So add the stock in your watch list to see the price action movement of the stock. This would be life time high of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Marico (Will a Divergence lead to a fall from current levels ?)Marico has formed a beautiful trend line in the daily timeframe. While the chart was forming a higher high the MACD indicator was forming a lower high indicating a divergence between the price movement and the MACD indicator. Currently the price is testing the trend line yet again and the MACD line has crossed the signal line from above indicating a selling pressure incoming, however we need to keep in mind that both the line are still above the 0 levels indicating a long term positive momentum which is very much indicated by the chart.
A breakdown from the trend line and breach of the nearest support should ideally lead to a fall in the range of 350-340 levels or even further. Market momentum will have a role to play as well and looking at the volatility it would be wise to keep a trailing stop.
Which side will you be betting on ?
Do share any views or criticism if possible.
MARICO intraday - 11-08-2020Buy above 372.5
Target - 377-379
SL - 370
*Strong resistance near 380 keep close watch near this price zone if open gap-up avoid trade for first 5 min
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
inverted head ab shoulder 2 reasons for bullish confirmation
1. inverted head and shoulders
2.uptrend
MARICO LTDMARICO LTD:- BUY RANGE 350₹-375₹ for Target 400, 450++
Stop-loss:- 320₹ CLBS
Disclaimer:- Breakout with vol. accumulation seen in past days..
MARICO - CHANNEL BREAKOUT GIVEN#MARICO
BREAKOUT GIVEN ABOVE THE CHANNEL
BUY ABOVE 370.20
SL 100EMA
TARGET 373.2/ 376.4/ 379.3
