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.
MARICO trade ideas
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.
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.
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.
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 ........
Marico - approaching long term moving averageMarico
Price are just above weekly trend line and RSI just above it's support and moving towards oversold zone on weekly chart
Prices have broken mid term moving average and daily trend line, making 370 - 380 as supply zone which can be clearly seen in daily chart.
Bullish Shark pattern observed with PRZ btn 330 - 316. Also this zone is area of long term moving average. If price happen to test this zone and long-term moving average this shall be happening after almost 10 yrs, last test for long term moving average was around 2009.
Looking at consumption story and company fundamental this could be good time to add if protfolio for decent return in long term.
Consultant ur financial advisor before taking any investment decisions
#Marico Bullish Bat Harmonic Pattern#Marico has formed a bullish bat pattern and is showing good signs of reversal
Marico - buy on dipsBuy from 364.5 to 361
daily clbs sl 360
tg 373/383/389
Try to buy as near as possible to 361
MARICO - Consolidating right now, will fall further ...MARICO - Consolidating right now, will fall further ...
Watch only - marico shortWatch only as tomorrow is the result day.
If tomorrow it closes above 396.6, then huge multiweek breakout and will move up like a rocket in a month.
