MARICO - Looks good The formation here is an inverted Head and Shoulder.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
MARICO trade ideas
MARICOSell MARICO Below Rs . 341.50 for The Target of Rs . 336 ..
Stoploss- 345 ...
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Thank you,
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
Marico may go long.Marico today tested the resistance at the 350 with a high price of 350 but closed at a loss of 1.5 even after a gap up opening. Given the current comparisons that the stock is facing with the market capitalization of Ruchi Soya, speculation in the market might have been possible. The total movement of only 4.5 which is a mere 0.012% of the opening price and a smaller volume traded of only 2.896M shows lower levels of market sentiment in this fall and may point towards the stocks pushing through the 350 resistance barrier.
MARICO LTDMARICO LTD
BULLISH SIDE VIEW
- if breaks 334
T 1- 338
T2 - 340
T3 - 345
BEARISH VIEW
IF BREAKS 328
T1 - 325
T2 - 323
T3 - 323
Above levels are purly as per the price action
Note :- Only for educational purpose
Should you need further information please leave a comment
Thanks and regards
Pradeep Sheoran
Marico Bullish BreakoutMarico broke triangle as marked and giving bullish breakout. Supporting Daily RSI over 60
