MARICO WeeklyIn daily charts, it's showing return to uptrend, but weekly charts showing trend line broken. Wait to see if the supply zone acts as a resistance, otherwise short. It'll be in range for some time.
MARICO trade ideas
MARICO: Opportunity for coming days.Some Fundamentals:
Beta : 0.4370
Annual div yield (ADY) : 1.43%
Div yield(5 year avg): 0.82%
Div growth rate (5 year) : 58.49%
Some Discussion on " BETA ":
A measure of a stock's risk of volatility compared to the overall market.
The market's beta coefficient is 1.00. Any stock with a beta higher than 1.00 is considered more volatile than the market, and therefore riskier to hold,
whereas a stock with a beta lower than 1.00 is expected to rise or fall more slowly than the market.
In strict percentage terms, Marico with a beta of 0.437 is likely to rise or fall 0.437% if the market rises or falls 1.00 per cent.
Low-beta stocks are also called defensive stocks because investors like to hold them when the market is on a downtrend or is particularly volatile .
High-beta stocks tend to be favoured when the market is rising steadily and investors are happy to take greater risks in order to maximize returns.
All trading related values & technical thoughts plotted & mentioned on chart.
More Updates on Market hours. (if necessary)
Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Have not follow time-line all the time, Sorry in Advance if view conflicts.
Special Note:
Yesterday Given View on: DIVISLAB, AMARAJABAT, KOTAKBANK, REPCOHOME, all Positions are in Green also achieved TARGET#1 &TARGET#2 ( Amarajabat).
BY MISTAKE: BANKNIFTY: FUT+ Spot, At a Glance for Trade Date "24th Aug 2017" mis-typed as "23rd Aug 2017".
Week Price action Leads Confusion of Trend The weekly charts price action is very week , which indicate a doubt of further rally , but some time they do make one more turn around and brake the current high and come back very fast down ward
i will be looking for strong reversal sing in day candle with volume confirmation to go long
Regards
Possible reversal set up The stock has made its 5 Wave count , with completing the 5th wave as equal distance of 1st wave
i am looking for correction in this stock , it may also spike little before heading down , I am looking to sell below 325 for Target 1-313 then stock can move for side ways before heading to second target T 2- 303 , this is possible set up for current view
Regards
Positional Buy MaricoMarico has broken supply zone around 325-330 if it closes above this zone buy with sl of 318.
MARICO : DUE FOR ....aaa ...GST HICKUPP....UCCH...!Marico has been trending quite strongly since Dec - 2016, however as the markets rejoiced the benefits of GST, the scrip has also been cautious of the initial hickupps facing the implementation of GST, the Dealer/Distribution caos & other minor issues.
Marico being a player from the FMCG pack is also expected to do its own errands..
Since the Nifty itself is willing to rest & correct for a while, these FMCG GST sensitives are expected to do the same.
A retracement of 38% to 50% will be a healthier boost for all these stocks.
So one can expect Marico to move towards 306 / 283 before resuming its uptrend.
As we can see the market has been telling us to move one step back & two steps forward....
Keep a stop loss of 314 & look for targets of 306 / 283 before July end.
Happy Trading.
Marico Flag BreakoutThe stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
Marico short for day trade Any rally in Marico i am looking to sell with stop 321 for Target of 306 if Market opens positive and rally this would work as potential day trading
regards
Marico : Parachute's fly to sky ??!Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :)
What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it.
Oh wait ! I have a personal interest & Disclaimer to Disclose : Yes, I use Parachute Hair oil !
Marico- Positional BuyMarico has given a breakout with volumes few days back. It is a good positional buy with 300 as SL. Half qty can be entered at CMP, rest near the breakout levels.
Marico - Can go either waysChannel Trade - Go long at CMP
Stop loss - 297
Target - 320
Or
M Formation could lead to break of the channel support.
Marico Short for day Trade The stock is getting week , Once the price brake 314 You can look for Target of 310 with stop of 317
Risk 3 Point Reward 6 Point
R:R= 1:2
Regards
Marico Continue to go upDay chart still not breaking support line continue to go up till 330 before April end NSE:MARICO
Marico false channel breakout.Marico has made false breakout and ended within the rising channel forming a shooting star pattern we may see further down side in the stock up the target of 288 in near term.
MARICO - EVERY DIP IS A BUY (Trend Continuation)It is been observed on the daily chart that the price action is trending up and now it is near to the next resistance levels of 282, once it breaks it then it shall further move up to next resistance levels of 290. It could become a good trade setup once it crosses above 282 levels.
Target 1: 286
Target 2: 290
Stoploss: 276
Marico trading at channel resistance may retrace to 270Marico has been trading in uptrend channel it closed at resistance of channel and may retrace from to support around 270 in near term.
marico finished bouncefor educational purpose marico tried very hard to take a bounce but it hardle touched 61.8% of previous downtrend. Now with sl of 281 go short for target 262. if 262 comes then hold position for breakdown the lower trendline to 254.
Marico: 200-DMA Crossover !!Price closes above the 200-DMA. Prior to the breakout, there was a nice consolidation which comes across as an accumulation pattern. Will price have enough strength to hit to test recent highs?
I don't know and am equally curious !!
