MARICO trade ideas
MARICO -------> MULTI YEAR BREAKOUTMARICO has given a really wonderful breakout with good volumes coming in.
The chart explains everything !
Clear cup & handle pattern formation on MaricoMarico, is forming cup & handle pattern & its also breaking out from its all time high. Showing bullish signals on indicators as well
Head and Shoulder Pattern + Descending Triangle Pattern FormedHead and Shoulder Pattern + Descending Triangle Pattern Formed In Marico, It can Have Breakout from both the Direction But Head and shoulder pattern Has Given Breakout, So Lets See more Downfall Can Come or the Trendline of Descending Triangle Breaks.
Marico Bullish for midtermAbout the Company:
Marico Limited is one of India’s leading consumer goods companies operating in the health, beauty and wellness space. With its headquarters in Mumbai, Marico is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, hygiene, male grooming, and fabric care. In 2019-20, the company generated a turnover of INR 73.1 billion (USD 1.03 billion) through its products sold in India and chosen markets in Asia and Africa. Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute, Saffola, Saffola FITTIFY Gourmet, Coco Soul, Parachute Advansed, Hair & Care, Nihar Naturals, Livon, Set Wet, Set Wet Studio X, Veggie Clean, Kaya Youth, Travel Protect, House Protect, Mediker, Revive and Beardo. Marico has 8 factories in India located at Pondicherry, Perundurai, Jalgaon, Guwahati, Baddi, Paonta Sahib and Sanand. The international consumer products portfolio contributes to about 23% of the Group’s revenue, with brands like Parachute, Saffola, Parachute Advansed, Mediker SafeLife, Just For Baby, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Sedure, Thuan Phat and Isoplus.
Fundamental Side:
Earnings of Marico Ltd. has been consistent year on year with March 21 giving a hike in profit of 15.15%. Apart from the profits, expenditure towards financial costs have come down by about 32% making it financially stable. Not to forget promotors have zero pledged shares.
Technical Side:
1. Forming an inverted head&shoulder with a breakout.
2. MACD Crossover Signal Line
3. 50EMA consistently above 100EMA & 200EMA
Disclaimer:
Not a financial advise. Invest only what you can afford to loose.
3.
Marico : Breakout with Very good volumeFor Education only
Marico
Good Volume today
Bo done
Add at CMP
Target- 500, 540
SL- 400
Dtd 3rd May 2021
STOCK FOR TOMORROW MARICO LTD.Good evening all dear investors and traders, for tomorrow MARICO can be on RADAR. If sustained 30 minutes candle above 426 Whenever I say if sustain I mean to say is sustaining more than 30 minutes candle. i believe in less trade but sure trade.
I have only express my ideas this is not any advise of tip take your own decision we are not responsible for anything please.
Regards.
Mukesh Hotchandani.
Marico Short term
Marico expected to move higher...
Entry, target, and stop-loss are given in the chart.
Marico Gives breakout of triangle patternAfter testing of three times it gives breakout with an great volume
Go long in Marico. Can take fresh positionsGreen candle above 44 MA and support from 55 EMA makes it a perfect stock for swing trade. RSI above 60 is another confirmation. One of the best FMCG stock to trade in lockdown.
MARICO Weekly Pullback & ContinuationCan go LONG if current weekly candle closes above 404.70 ( Target1 - 430, Target2 - 450 to 460 )
MARICONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
MARICO: Trend AnalysisIf sustains above (412-417) we can see a move up to 431
ELSE
IF price gets rejected at (412-417), then can expect 370
Fmcg stock marico Buy and sell IdeaFast moving consumer good stock "marico"
399 to 401 price range zone acting as the demand zone and there is a strong supply zone between 416 to 421
Fmcg stock marico Buy and sell IdeaFast moving consumer good stock "marico"
399 to 401 price range zone acting as the demand zone and there is a strong supply zone between 416 to 421
