MARICO trade ideas
Stock Analysis of Marico Marico - CMP - ₹357.10 Dt.–25-07-2020
I have taken the 4-hour chart and in the chart, you can see the stock is in an uptrend and was taking the support of red trend lines and now the stock is moving up and down between support and resistance line placed at ₹342.80 and ₹358.85 respectively.
The price is also moving upward, trapped between the purple trend line. If earning beats estimates, the stock will move upward, beating resistance placed at ₹358.85 and then it will try to break the purple line. If fresh buying come after the stock breaks the upper purple line, then the price can go up to ₹374.25.
If the price falls because of bad earning report or for some other reason, the stock will break below the purple trend line and then the support level which is placed at ₹342.80.
Price is closed above 50DEMA in 4-hour chart as well as on the Daily chart.
VOLUME DIVERGENCE IN MARICOSee the price increasing but volume decreasing, which is a bearish indication. For now the stock will move up but the trend can reverse in upcoming months.
Price Action tradingAs a price action trader I dont go for Indicators scanners or long term speculation.
I simply try to find the patterns inside the market if It looks tradable for me I take the trade.
So what do u say?
Marico was a good call for Long?
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Marico Near the NecklineMarico took a huge period to create this pattern
And the neckline is also acting like a strong resistance
once it got broken we might get some long entries!
MARICO Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MARICO - Looks good The formation here is an inverted Head and Shoulder.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
MARICOSell MARICO Below Rs . 341.50 for The Target of Rs . 336 ..
Stoploss- 345 ...
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Vishwajeet Sharma
Marico set for an up moveMarico is travelling in a channel, it has touched its lower trend line and also taking support at its 20 day ema. Buy for a positional target, T1-360, T2-375.
* For educational purpose only
MARICO SHORTI have a negative bias on the FMCG sector this week. Marico has been in a strong uptrend on the 15 min chart, using the 200 Bollinger Bands, its visible how the price is moving very very close to the upper end of the Bollinger range.
The strategy is to capture the decline from the current highs. The previous high is the first target at 351 and second target at 346 slightly below it.
Short at CMP.
SL:360.85
T1:351
T2:346.
Risk Reward - 2.7:1
Marico ConditionalGo Long if close on/above 350.
T1- 369 ; T2 379 ;
SL 340
Ideas are shared assuming delivery based trades only.
Research for Educational Purpose.
Marico - Inverted Head & Shoulder Pattern (Weekly) Levels are mentioned in Chart.
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Wait for the pull backStock is looking, I will wait for pullback and buy it once I find a good bullish candle.
MARICO - KEEP On watch listStudy:- PCR is bullish; option chain looks bullish; In Daily TF 50 dema crossed 100 dema; H&S pattern observed. Currently trading in a channel. Volume decreasing on daily basis. Need volume surge along with price increase to cross the selling zone. If it closes above selling zone then probability will be to see momentum on upper side. It there is a BO then position can be taken or wait for retest to happen before taking position. Volatility is decreasing so chance of a sharp move is coming. If it breaks the trend line then it will slide down. As of now NOTA.
*This chart is for educational purpose only.
MARICO - REVERSE HEAR & SHOULDER PATTERN IN DAILY#MARICO is trying to give a breakout from reverse Head & Shoulder's Pattern,
If the price breaks 357 with Volume, the next resistance is 390/400 on the Daily Chart.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Long This scrip is ready for its last move up
Look for buy set up , trail your stop once price move away form your buy price
Good luck
Inverse Head and Shouldermade Inverse H&S after a short downtrend good for buy above 356 in intraday.
for Swing always good.
AT SUPPORTif the support holds could be a buy at 140 142 range for a target of 146 or 150
SL at 338.6
