MARICO trade ideas
Marico AB=CD Pattern
Elliot Wave
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Marico is range bound for sometime315 is a decisive level for marico
so its good to short this scrip as it
approaches near 315 with small
SL of around 316-317 for trgt of 303-301
Broader trend is down only
A stay above 315 will blast it upto 335
In case you want to contra trade then
can buy small qty at 303-304
with SL 299.90 for 314.50
MARICOExactly taking supports at angles.
298-300 zone will act as good support zone,
traders may take long positions with low risk (use support zone as stoploss).
need closing above 307 for good bounce.
Regards,
Ak
The stock has reached the last stand for buyersThe stock has reached the last stand for buyers, any close below 290 and sustenance below it will push the stock into bear grip. The RSI is oversold and it can remain in oversold condition in bearish condition for extended period. Any pullback may provide shorting opportunity if weakness persists.
MARICO ON LONG GOOD TO INVESTMENT AT THIS POINTBuy btw 299-308 level and hold for short term target of 340, once any of the weekly candle closes above 340 you can expect medium term target of 440... you can hit thumps up button if you like this post and you want any future update and learning just click on follow button..
Marico and Option of it.Marico can create maximum an excess as 325, therefore buy-in steps, not a bad decision.
For example,
1st) Buy Marico @330.5, 50% using of margin from deciding to trade.
2nd) Trade, buy 325 nearby with use of remain 50% margin from the decided margin.
Best strike price to trade on Marico as per the above steps.
345 Call of marico (CMP 5.9)
345 Call of marico
Marico Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Possible start of Uptrend.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
Long#Marico has given a fresh breakout near its demand zone of 330. Stock can revisit 347/353/358 levels soon. #Positional #Long
#Marico Positional Long#Marico buy BTST. TrendMeter turned green. And there was #Volexp in 75M TF. Looks good to add it positionally too.
