MARICO - HEAD & SHOULDER PATTERNMARICO LTD is making H&S pattern at Daily Chart. Made Hammer Candle on 18apr at 2nd Shoulder, gave Breakout on 26april.
For my learning and digital records purpose only.
MARICO trade ideas
Buy Marico: Trade IdeaNSE:MARICO is a buy if it holds 580 this week. A strong weekly closing on the back of strong numbers is exactly what this counter needs after months and months of consolidation. Let's go MARICO!!!
It is time to buy this low risk:reward setup.
STOP LOSS at 580
EXPECTED DIRECTIONAL LEVEL FOR THE YEAR 2024Hey Folks !
All the important levels are marked along with the description.
These levels are marked for expected Uptrend.
Strategy is simple.
Entry point is the value buying area .
Stoploss is the yellow line.
Targets are the upper green lines.
Club these levels with your analysis to have an edge.
Dear Folks! If you find these analysis useful then boost the Ideas.
Marico(India) projection for coming days.(20-04-2024)I have analyzed with the candle patter, wave & Gann level. Based on that i have prepared this projection.SL & target are mentioned.
MARICO-Likely Flag Pattern BreakoutMARICO-Has formed a nice Flag pattern in hrly charts.Going by the pattern the next target would be 540+(For educational purpose only)
MArico- Range Bound BBTCL- 3Q + 3M+ 3w + 4D + 10x Mazgaon ka funMArico- Range Bound BBTCL- 3Q + 3M+ 3w + 4D + 10x Mazgaon ka fun
3Q + 3M+ 3w + 4D + 10x Mazgaon ka funda
1) Strong Range Boundation
2) Target 5 times
3) Lets see
Descending Triangle Pattern Formation of Descending Triangle pattern in MARICO, can take trade after support break. This sharing is purely for educational purpose and not a stock recommendation.
MARICO- ALL TIME HIGH SOONMARICO is testing its important resistance zone(550) again and probability is high that this time it will break this zone and move towards all time high.
A successful Daily closing above 550 will ensure more up-move and one can enter for a target of 600.
*This idea is for educational purpose only, trade at your own risk*
DABUR- HEAD & SHOULDER DABUR is testing its important resistance zone(550) again and probability is high that this time it will break this zone and move towards all time high.
A successful Daily closing above 550 will ensure more up-move and one can enter for a target of 600.
*This idea is for educational purpose only, trade at your own risk*
Marico ( Range bound and CWH) 10% Uptrend due to range-bound strategy
In the future, it will be CWH pattern
Reverse Head and shoulders pattern formation in maricolong consolidation in MARICO with more than 60 days consoidation.
keep watch on marico above 545-550
mostly a good long opportunity untill 600 and above.
have a good trade..
Marico Box Breakout | Swing TradeMarico Swing Trade
Box Breakout in Daily Time Frame
Note - Only for education purpose
Marico Long Term OpportunityWe can take entry from current level.
It is best wholesale price.
Investment at your own risk.
We are not SEBI authorized.
MARICO Short Term Trade IdeaHighlights:
1. Long entry on range breakout
2. Range breakout on good volume
3. Bouncing off long term support
Marico - Time for some cookiesMarico has been been taking support near 520 levels in the recent past and has given a good breakout on 17th Nov of the short term wedge pattern it formed. Also it is trading above 200 MA and all these factors are suggesting a good potential upside in Marico with SL of 505/- on the closing basis.
Marico Daily Analysis CMP 528.9 target 545-550- 560- 580- 595-Marico Daily Analysis CMP 528.9
target 545-550- 560- 580- 595- 620+
Sl below 500
holding period 3-5 months
Marico for next quarterFound Marico interesting for next 1 quarter.
Reason-
1) Huge investments worth 20k Cr coming in for diversification of product as well as manufacturing.
2) Increasing profits this quarter, showing a positive trend.
3) Looks undervalued on the charts.
Let's see if it can hit 560 again till Jan 2024.
Stoploss would be below 515.
let me know what you think.
Positional Opportunity in MaricoGo Long above 492.55 for Targets of 510.6, and 528.65 with SL 474.5
Reasons to go Long:
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.381 Fibonacci level.
2. In addition to this there is a strong support zone (marked with Green color), from which the stock is taking support and moving up.
3. Also the stock gave Trendline breakout.
4. Our target is just below the resistance (marked with Red color).
MARICO SHORT1. Triple top formed
2. Neckline broken
3. Retested.
Below 530 - Good to Short
Target 1 - 517.5
Target 2 - 504
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
This is for Educational purpose.
Marico to take long entryLong Marico after the BO of TL above Rs 545. Stock trading near the 200 EMA level. this is the area of entry. In case stock rejects the area wait to cross the 200 EMA level. A very high probability that stock will bounce back. Good risk to reward trade. This is for your educational purpose only.
Trade-48/100-MARICO-R:R Experiment-BuyBuying MARICO in DAILY positional trade
Good structure making HH-HL.
