Marico BuyPositional Trade Marico Buy Above : 339.50 S.Loss: 327.50(ClosingBasis) Target: 342-347++ CMP 338.10 Educational Purpose OnlyLongby 2dineshUpdated 0
MARICO Long TradeThis is follow up on my FMCG post Marico looks good for 370 level. Good risk reward trade.Longby Kaustubh0
Let's find the number to enter in the MARICO.The thing to note is that the stock is having a strong channel that can be seen by the chart up-trend and down-trend follows tightly. Another thing is to be noted: WHen this stock takes a turn, the big move creates on the single day of secession. So far we have not seen any such thing/big move on a single day o trading. As per the daily chart, this stock can test 320 nearby. This is the meaning that stock has remained one sharp fall . Almost all the major resistances and supports are mentioned in the chart. if you look carefully, you will realize that all majors resistance became stronger support. As per above statement, (c) has already taken as a support 334.2. Expected investors entry between 228-23 [/b ]2 range for the 357-361 target on this stock. Primary trend is up and we want to move the direction of primary trend therefore, buying on this stock is worthful. by Trade-TechniqueUpdated 161659
MARICO TARGET 351 SL 333 DAY CLOSE BASEMARICO CMP 338.50 BUY FOR TARGET OF 351 WITH DAY CLOSE SL OF 333, THERE IS MORNING STAR PATTERN WITH VOLUME BREAKOUT. AFTER SO LONG STRONG SELL TREND MARICO IS SHOWING TECHNICALLY GOOD SIGNS OF REVERSAL.Longby DGaneshARenuke0
Marico Trend Reversal?The weekly price is at a strong support now. Momentum of bears seems to be losing. In the Daily, we see a Bullish Divergence with the RSI on 13 Dec and 16 Dec. In the 75 min, TL is broken, but not with conviction. But, since RSI is oversold everywhere, I would love to go long with SL around 326. Whether the trend reverses or not, we can expect some gains here.Longby afzal_57115
MARICO - SHOULD RISE FROM ASHES IN COMING DAYSMarico has taken severe beating.. and looks like this is the bottom. Option chain suggest lot of bulls trapped at lower levels..and i sense a reversal in this stock in coming days.. it can rise like a phoenix any time.Longby priceNpedia333
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. by unofficed1
Short MARICO Marico has been falling from quite a few days and now the Sentiment of Bears are very high, as RSI is still not in the oversold region I think there is still room for a small correction, as Bollinger Bands are also contracting this show the correction won't be huge but still I am Semi Moderate Bearish on Marico because the way Bears have reacted from past two days is showing their high confidence . Happy Trading ........Shortby Prem_AgrawalUpdated 4