Marico multiple patterns good bet for 550 ++Marico completed H&S and forming bull flag at one can go long at flag BO above 475 for target 550. SL 463.
MARICO trade ideas
Question on MaricoGood move in recent times, But it did breakdown post small consolidation..
Previous resistance levels of 425 should act as critical support now..
Pithfork lines should give some bit of support and can be used for future price action.
For short term I would be cautious till trading below 465
Investors should look to enter near 425
If holding for long term SL close below 400
MARICO 1WConsolidated over a long period i.e. 4yrs
In strong uptrend
Strong fundamentals
Given breakout with high volume
Near term targets are given for positional trade
Good to invest...
MARICO 1WStrong consolidated over long period(4 yrs)
Given Breakout with voume
Strong fundamentals
Near term targets are given for positional trades
Marico - Descending triangle patternPrice forming descending triangle pattern and breakout is due on monday.
Marico Inverted Head and Shoulders Breakout in Weekly Timeframe!Marico has provided an inverted head and shoulders breakout in the weekly timeframe, can be confirmed with huge volume during breakout.
Chart of the Week: MARICOMarico has been shortlisted on our weekly scan and has been selected has Chart of the Week among several other stocks. Marico has a beautiful structure on weekly charts for long term investing and last week has a breakout with a large weekly candle and a very high weekly volume clearly visible as several times higher than average weekly volume.
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
