MARICO trade ideas
Enter Long in MARICOEnter Above 306 in MARICO
T - 316, 326 & 335
Sl- 289
*Recommenced for Positional trade
MARICO: BUY at 314 Target 329 SL: 307MARICO is a BUY for Delivery trading at 314 with Target of 329 and Stop-loss on closing basis below 307.
Marico Bounce Uptrend TradeEntered on 16 Aug 18 on 367.15 with a stop loss at 358.65
TSL update on 23 Aug 18 from 358.65 to 359.5
Current Trailing Stop loss = 359.35
In case of hitting stop loss confirmed profit of 0.85.
Ascending channel and Rising WedgeIts going in a Ascending channel and rising wedge on daily charts.
Ascending channel is bullish but its at the top of the channel there will be a probable trend reversal in short term.
Rising Wedge is bearish.
It went up close to 10% in a week. It probably went up cause of NIFTY FMCG and expectation of good results. NIFTY FMCG went up because of GST, ITC and NIFTY.
It has results on 2nd of august. We should enter after the results depending on the price level.
I repeat dont enter before 2nd of august
MARIO Wedge BreakoutMARICO has been moving in a rising wedge since 2017. testing the upper edge currently. Awaiting a breakout/ reversal on account of results today
Sell MARICO in supply zone (Valid from 2 to 6 July)Sell MARICO in supply zone (Valid from 2 to 6 July)
MARICO W PATTERNConformation required to go long.One can go long above 324 closing basis. Target can be 350.
#MARICOAny Candle with C > 334.70 and H > 348.70
Will take the stock to climb 450
SL 283
CCI(D/W) crosses 100
CCI(M) on the verge of crossing 100
All EMA alignment in place
Marico, Cup n Handle in Making...? Strong Above 332...Marico - 332 Short term, May retest same level before going up again..
