MARICO trade ideas
SWING TRADE & ATH CANDIDATE BUY Marico 537-540 SL 505 Target 607 -DKM SIR
I can see the big move in upcoming days buy and hold and add on dips
#CHART BOLTA HAI #
Marico: Swing Trade OpportunityConsolidation.
Can potentially be a swing trade opportunity in both the sides.
In either of the consolidation range breakout, it can follow through in that direction.
Why am I bullish on Marico. Analysis on Daily, Weekly & MonthlyPatterns play an important role in trading. Especially when the same patterns appear on the different time frames.
In Marico we see the formation of triangle patterns on Daily, Weekly and Monthly time frames.
Daily Chart - Ascending Triangle Pattern
In two trading sessions the price had tested the upper and lower length of the triangle.
So, from this we predict the price is ready for a move.
Weekly / Monthly Chart - Symmetrical Triangle Pattern
This triangle pattern has a success rate of more than 70%.
And the price is near the upper length of the triangle on both time frames.
If we see the broader picture of these 3 time frames the stock looks bullish as it tries to move upside.
The price may be volatile on the daily time frame. The probability of the volatility is very high.
The volatility on the daily time frame makes the price comfortable on the weekly and monthly time frames.
Marico C&H pattern BullishFantastic stock to hold. Expecting a BO shortly and now formed C&H pattern.
Buy Marico to play the moveThe stock looks bullish on 3 parameter strategy.
Sentiment: Bullish
Buy near the opening price
Marico -Marico was stuck in range since June, forming a Range contraction setup.
-Before breaking out, it forming inside bar formation and finally gave close above trendline.
-RSI has been facing rejection from 69-70 levels in the past, though RSI has broken out will watch out if this time RSI is able to break resistance
MARICOAfter a Long Consoliation stock is ready for breakout. After a breakout momentum can take place.
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 !!
