MARICO trade ideas
BUY: MARICO (only if the system gives a BUY signal)Marico has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
MARICO 385 || SHORT || INTRADAYSELL below 385 SL 387
Targets 382, 380, 379, 378, 377
OR
MARICO 29AUG 380 PE (₹1.45)
MARICOHarmonic Pattern ABCD with Fibo levels and SR levels plotted.
Already has reacted at the PRZ.
If possible more short coming
Disinvestment / Rocket Sell MARICOFollow Chart Instruction.
if Wants to take Entry then wait for it.
Can Ask in Comment for Proper Entry when it reaches my level.
Short term trader wait and then took entry.
If HH broken then wait for my Short Entry chart.
if trendline broken then follow chart instruction or ask me.
UP TREND continues Marico near its life time high and can make new higher highs. Price is in up trend we can enter above 395 with confirmation on 15 mins candle for unknown target. If price move up keep trailing SL.
Marico: Symmetrical triangle breakoutMarico has been consolidating from a nice and long uptrend for more than a year now.
This consolidation pattern appears to be a symmetrical triangle that is now broken.
Its certainly worth timing your entry for a LONG ride!
Happy learning!
-Team Stockshaala
MARICO - NEEDS TO TAKE SOME REST!MARICO HAD REACHED THE TARGET AS GIVEN IN THE PREVIOUS POST.
THERE IS AN INTERESTING OBSERVATION - THE VALUES OF BOTH TENKAN & KIJUN IS SAME FOR THE LAST 7 DAYS. WHAT COULD BE ITS EFFECT?
THE PRICE NEEDS SOME REST TO CATCH WITH THE KIJUN. THIS CAN BE SEEN IN THE SELL OFF TODAY.
MAY BE THE PRICE WILL START COMING DOWN ONCE TODAY'S LOW 390 IS BREACHED.
383 WILL BE THE NEXT TARGET.
MARICO - BE CAREFUL @ 408 LVL.MARICO BEAUTIFULLY ACHIEVED THE TARGET OF 392 TODAY. (AS MENTIONED PREVIOUSLY).
NEXT TARGET IS 408. BE CAREFUL AT THIS PRICE LEVEL.
PROFIT BOOKING MAY BE EXPECTED AT THIS LEVEL.
LONG TERM TARGET FOR MARICO, IN CASE IT TRADES ABOVE 410, IS 459.
MARICO - EVERY PARAMETER SEEMS TO BE PERFECT!MARICO HAS SUCCESSFULLY CLOSED ABOVE THE RESISTANCE LEVEL.
NOW 392 (AS MENTIONED IN MY POST) TARGET IS NOT FAR AWAY.
ALL THE BEST FOR THIS FMCG.
TRADED VOLUMES HAVE INCREASED BY 50% OVER THE LAST 5 DAYS COMPARED TO 10 DAYS.
AND, DELIVERY HAS GONE TO 65%.
Marico_Buy for a target of 400 before quarterly resultsDate: 06 July 2019
Marico (CMP: 378.80) has the quarterly result on 01 Aug 2019.
Buy Call.
Ascending Triangle pattern formation taking place in Marico.
The next candle has to close above 380 and sustain.
Target: T1-390; T2-400
Stop Loss: 368
Bullish Cypher - Marico - 1DBullish Cypher - Marico - 1D
PRZ:355-358 | SL:352 | T1:361 | T2:365
CMP:369.40 15/07/2019 By Ramchandra
MARICO - DELIVERY INCREASINGMARICO HAS A BUY SIGNAL IN DAY CHART. WAIT FOR THE LEVEL OF 376 TO BE CROSSED.
TARGET IS 390.
THE DELIVERY IS 62%, WHICH IS INCREASING FROM 45% FOR THE LAST 10 DAYS.
PRICE MAY DROP TO 360 LEVEL ALSO. THIS WAS OBSERVED OVER A PERIOD OF TIME THAT WHENEVER THE DELIVERY IS INCREASING, THE PRICE DROPS AND THEN STARTS SHOOTING UP.
