MARICO trade ideas
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
Swing Trade in MaricoOnly for Educational Purpose.
Go Long above 396.3 for Target 413.45 with SL 379.1
Reasons :
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 0.5 Fibonacci level.
2. Also a bullish candlestick pattern, bullish engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level.
3. Also there is a demand/supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
So there is a high possibility that stock will show upmove and we have placed our target just below the resistance level (marked with a red rectangle).
LONG MARICOEnter in BHARTIARTL between 525 and 440....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 580,650 and long term above 820 easily......levels are marked........ best buy if goes around 375
Marico go longMarico once cross 410 is good candidate for long. Almost in the zone to show some boost in very near time. Keep a watch.
on radar - for next week trading traingle breakout
cup n handle breakout
price restest @ traingle neckline
weekly close now above this neckline - open fresh entry
keep this stock @ weekly stock radar
MARICO REVERSE HEAD AND SHOULDERMARICO REVERSE HEAD AND SHOULDER....
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Double bottom/W pattern formationThe stock has made a w-pattern and looks good positionally above 434 level.
#Marico cash : Looks good above 431.10#Marico cash
21.02.2021
Looks good above 431.10
stoploss 424
Tgt 438-440/448
Cmp 425
Marico at the BO levelkeep an eye on Marico stock. This can be buy @ 418 current level as predicted Pre BO. Lets watch and see.
