MaricoContinuous Downtrend, Consolidation at the bottom + Symmetrical triangle broke and retracement + so if the immediate next 1 hour candle stays above 508 ,Go for long.
MARICO trade ideas
W pattern at bottom is a bullish signI am waiting for this script last two months & this week it made a "'W'' BULLISH pattern at the bottom .
Importance of W pattern-
if W pattern form at top of any script then the probability of going bullish is far less.
if W pattern form at bottom of a downtrend then it is going to be crazy upside movement .
listen guys this pattern really works well so start find out W pattern in any downtrend script & just Go Go Go
W pattern has a very good winning probability as well as win size (it depends on holding & how we react at little pullback)
here in this chart we notice a tight range consolidation not a trendy down fall so good up movement is expected
always intact with a good and logical stop loss.
😊😊 thanks
MARICO : entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
: gainprofit066
MaricoMarico has shown a small rebound from it s support and can continue its upward journey. However, this may or may not happen. So we need to wait and watch this situation right now.
Sell below 489 SL 493 TGT 483Suggestions are based on my analysis only. Please do your analysis before taking any trade.
SWING CALL_MARICO_NSEFUT_FEB'22_17.12.2021_MONDAYSHORT BELOW 490 SL 510 TGT 456/409
* Support @ 495/456/409 & Resistance @
532/577/607
* 20 DMA breaks 100 DMA and 50 DMA
* 20 DMA breaches 200 DMA but support is there
@ 495, once the support will be broken then
the next minor support @ 456 & major support
@ 409
* RSI 14 @ 41.60 (H-84.34 L-23.76) RSI 9 @ 30.93
(H-76.65 L-41.52)
* ADX @ 43.78 indicates strong downtrend,
+DI ready to Cross below -DI
Double top pattern in MARICODouble top pattern
Good selling volume
Levels mentioned in charts
Only for educational purpose
Buy Marico @510-505Buy marico below 511 only....This is my view ...It is for educational purpose only
Marico trend reversal is nearfor positional trade : after testing support , go for long
Support will be 511
trend line is showing 15 % upside potential.
time frame will be 2 weeks
have a go trade :-
(Marico) Offers good R:R In Short TradeMarico
1. Closed below 21 EMA
2. Immediate resistance is 550-555
3. LL-LH formation got established
3. Momentum indicators turned negative
4. TGT can be Fib retracement levels (Labeled on the chart)
5. Might retest 50 EMA and 100 EMA that gets confluence with Fib retracements.
MARICO LONG BUY AFTER BREAK OUT
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Marico trendline BreakoutThere is a trendline breakout in Marico, go long after it gives a close in above 555. It will be a good swing trade as well. Place Stop-loss logically .
MARICO - Good for an upmove Marico - readying for an upmove. Could rally higher if 555 crosses decisively
Swing Opportunity in MaricoGo Long above 562.65 for Targets of 577.75, and 592.85 with SL 547.55
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
MARICO INTRADAY PREDICTIONTomorrow marico price prediction, its just trend and support base prediction.
