MARICO trade ideas
Marico Bullish BreakoutMarico broke triangle as marked and giving bullish breakout. Supporting Daily RSI over 60
EXTREMELY IMPORTANT LEVELS FOR MARICO350 is the level to watchout for. Should it break 350 on a closing basis, it might unlock doors for a target of 400++. This trend line has been respected for the past 5 years. It is crucial because it has several touchpoints.
MARICO Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Marino channel pattern long indication The channel patter is at support and seeking for going up the upper resistance at 350.
marico 19 jun 20 eodwhat a contraction,strong base formed at 325 and once 335-345 cross very good short term bet
entry 340 sl 325
MARICO Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
AT SUPPORTmarico is at its support from trend line and the support line
could buy only after confirmation of taking support there tomorrow
if the above resistance line is broken the a good move good be expected (will update later)
for tomorrow buy
risk traders buy above 329.5
for a target of 335 or above
risk averse could take trade after break of short term trend line
SL at 226.65
AGAIN MARICO today an intraday had caught another opportunity is coming
buy above 336.85 for a target of 342 ,347 or at the resistance point
SL at 332.7 BEWARE OF A FALSE BREAKOUT BUY AFTER VOLUME CONFIRMATION
CHEERS
MARICO - Cup & Handle - 1D TFCup & Handle pattern forming on Daily Chart of MARICO. BUY 355, SL 309, Target - 450/ATH. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Synergistic Pattern: Advance pattern ( Double Flag) + MA 250Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 340
SL: 325
Target: 370
RR: 2.0
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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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.
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Another point of confluence ? Similar to my Manappuram strategy for which targets were achieved within two hours, Marico was also showing the point of confluence in bullish market.
Sharing this in between my active trade hoping to achieve the target.
Buy: 327.5
SL: 320 but now moved to buying price
Target: 341
MARICO Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Marico- looking good to Short - IntradayMarico - 30min chart:
If opens above 325 and retraces to 331,
Sell below 330.
Targets: 325, 319.5, 315.4
SL :336
Marico- Sell below 325, Targets: 319.5, 315.4. SL :329.5Marico - Hourly chart:
Trend line and 100EMA are almost at the same level.
Sell below 325.
Targets: 319.5, 315.4
SL :329.5
MaricoThere are 2 patters forming. There is a huge resistance zone and it has returned from the potential reversal zone.
Watch tomorrow
Bearish Crab (Blue)
PRZ1 = 339.3
PRZ2 = 344
SL = 354
T:331,326,320,315
Bearish Alt Shark (Violet)
PRZ1 = 321.2
PRZ2 = 322
SL = 331
T:304,287
Marico - Head and shoulder bottomMarico is showing head and shoulder bottom. A very good signal to buy above the nearest resistance.
Buy above 331 and target 8%.
Stoploss at- 320
I will appreciate if you will let me know your thoughts in comments below
MARICO IdeaThis idea is purely based on past support and resistance and expecting the reversal from this level since it has taken support here in past.
Also the same level was acting as major resistance.
If it breaks 328, can quickly give 10 points on downside
Disclaimer - Please do your own analysis before initiating the trade.
[Buddha] MARICO Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
