Inverse Head and Shouldermade Inverse H&S after a short downtrend good for buy above 356 in intraday.
for Swing always good.
MARICO trade ideas
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
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
