MARICOAfter a Long Consoliation stock is ready for breakout. After a breakout momentum can take place.
MARICO trade ideas
MARICONSE:MARICO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Invest in Marico?Personal, I am waiting for MARICO to drop below 510rs in the near future for my first entry into the company. Marico has a complete dominance in the oil industry, and right now, Marico is heavily focused on their Saffola brand, with an aim to generate 850cr in revenue from the brand.
And the earnings from saffola in 2022 is extremely strong and expanding.
MARICONSE:MARICO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Marico Ltd (MRCO) break out Marico Ltd (MRCO) break out
Marico today crossed 50EMA. With strong volume breakout. Buy above 523. Time to go long in Marico. Next target 530,543,556, . thank you
Marico ready to fly C&H patternMarico has formed C& H pattern. it can fly in coming days. it can touch previous highs easily.
Marico result updateGood set of Numbers by Marico
Domestic and Internation segment witnesses robourst growth in Q1
Results
MARICO Q1 : CONS. NET PROFIT UP 3.5 % AT 377 CR (YOY), UP 47 % (QOQ)
REVENUE UP 1.2 % AT 2558 CR (YOY), UP 18 % (QOQ)
EBITDA UP 10 % AT 528 CR (YOY), UP 52 % (QOQ)
MARGINS AT 20.6 % V 19 % (YOY), 16 % (QOQ)
MARICO ...MARICO LTD ....
1 - forming inverted h& shoulder
2 - good volume
3 - price trading above 200 ma
4 - bullish rsi momentum 63
5 - golden crossover MA .
6 - 8 month consolidation in box pattern
MaricoYou can short at Current market Price or Wait for come to the resistance area.....then short for month!!!
MARICO - Looking good for accumulation Marico - looking good for accumulation. Can rally once 500 crosses
MARICO | Reversal inside channel - Looks potential for 12%MARICO | Reversal inside channel - Looks potential for 12%
CMP : 496
SL : 475
Target : 550
Almost 1:4 risk reward setup
Marico Daily - Parallel ChannelThe chart says it all!
Trade small since the market is still extremely volatile!
Happy Trading!
NSE:MARICO TL BDNSE:MARICO
#NSE:MARICO trading near TL, BD possible,
Breaking 483 may show good fall.
Happy LEarning !!
Marico - ChannelMarico is moving nicely within the parallel Channel.
At the bottom of the channel it has shown a reversal, if the momentum continues it will give an easy 10%.
Trade Carefully!!
MARICO Daily Chart Analysis [ 9th June ]Hello everyone !
Lets analyze a swing trade - NSE:MARICO
On Daily Timeframe we can see that the price of this stock is in an uptrend and is moving in a parallel channel since January 2022.
CMP of this stock is 496 and we can plan a long position on this trade.
Currently the price is at an important SUPPORT level and is ready to approach to its major Resistance level.
Reasons why I am Bullish on this trade:
1) Technical Analysis is all about HISTORY REPEATING ITSELF and the price of this stock has respected its current Support level many times in
the past and now is ready to approach approach its Resistance level which also has been respected many times in the past.
2) If we have a close look on the candle pattern of 9th June, we can see that the candle is a BULLISH HAMMER pattern, which can be a strong sign of trend reversal.
3) As per Pivot Points also, 499 is a strong support level.
Now, my target on this stock is 549. which is around 11% upside from its CMP.
We can get a good Risk to Reward ratio of 1:5
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it.
Marico a bullish hammerMARICO upward sloping channel
Hammer at the bottom of the trendline
Looks like further upside is due
Stay tuned!!!
MArico near it support Marico near its trend line support, if it does not breaches support line we could see a likely reversal till 545 without hiccups
parallel channel pattern trade<If there is small range then we should trade after breakout either side.
<It has a range of 15% which is enough for swing trade.
< Whenever there is a huge range, we should trade at the edge of the parallel channel.
< Here, price is touch lower level of it so we should enter here for better risk-reward ratio.
<Long position should be initiated at a level of 490-495 with sl below the pattern (2.5%)
<Position should close near resistance level 555-560.
< RR ratio 1:4
Learning-
In a parallel channel pattern with a huge range, when the price takes support from the lower trendline of the channel and reaches the upper trendline and gives a breakout, the trend will exhaust due to long travel so the breakout may convert into a fake out so always take trade at support or resistance line.
MARICO Long idea (Intraday)Price gave a pullback to the key zone area and gave good closing. All the analysis and levels marked on chart.
Marico Ascending channelMarico is looking bullish in this ascending channel, good bar today closing firm, next resistance at 550, supports at 312/487
