MARICO trade ideas
MARICO (CASH)BUY for UPSIDE Target 1-389, Target 2 -400
and in DOWNSIDE Averaging Price 362 & STOP LOSS 350
MARICOGRAVE STONE TYPE DOJI FORMED TODAY.
MARICO MAY GO DOWN TO 363 AND 357 IN THE COMING DAYS.
STOP LOSS MAY BE KEPT @ 373.
Next Possible MoveOne can look for sell on rise basis as its moving weak
This one is easy to trade sell on reversal and stay with it ,
Short sell in FuturesOne can look for adding shorts and be patient it will move down , its in D-buck status , wait for daily low to brake
stay with it for longer % profits
Buy Low, Sell HighMarico would most likely make a move down first towards the most recent lows and then it could proceed to make a higher high. There is no sell setup yet, so caution advised if selling. If there is a sell setup that forms over the next few hours, then maybe sell could be looked at. The bias is to the upside so I would wait for the down move to buy and look to exit at a level higher, indicated on the chart. Classic Buy low - Sell high with a decent risk/ reward. Patience is the key here.
Marico stock in channel resistance may break out or come down so buy ce and pe of june expiry
Strategy Positions
+1x 27JUN2019 370CE - ₹ 10.4
(0)
+1x 27JUN2019 370PE - ₹ 9.65
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -2,119.46
Breakevens
360.3-374.3
MARICO - TOWARDS HIGHER TARGETSMARICO IS IN UPWARD MOTION WITH TARGETS OF 381 & 392.
MAINTAIN STOP LOSS @ 354.
THE UPTREND IS CONFIRMED WHEN THE PRICE BREAKS THROUGH THE 370 LVL.
MARICOUpon breakout (mostly upside) will touch green targets.
Even if it retraces back from trendline i expect it to touch the support line in yellow and bounce back for breakout.
MARICO LTD - Bullish Bat, Bearish Bat & Gartley - 4H TFBullish Bat, Bearish Bat & Gartley pattern on 4H Chart of MARICO LTD. BUY around 340.5-342, SELL around 362-63 for Gartley, and around 365-66 for Bat. Another Bat BUY around 334-336. Avoid carrying to the next day except for the last one.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
MARICO - Bearish Bat -1D TFBearish Bat pattern found on Daily Chart of MARICO. Current SELL was around 367 levels. And another Bearish SELL also exists around 377-378 levels. Wait for the 378 levels as currently it has already reversed till sub 362 levels from 367.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
MARICO : NEUTRALIF THE STOCK CLOSES ABOVE 367 ON 4 HOUR TIMEFRAME WILL HEAD TOWARDS 376,383 IN THE NEAR TERM.
MARICO ShortShort 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.
