Bounced From the Support Zone.It recently Bounced From the Support Zone. we can observe some Trade on a PullBack to 660 Levels. It Also Broke out From the Resistance Trendline. PLUS STRONG VOLUME BUILD-UP.
MARICO trade ideas
MARICO 1HBreak of Structure (BoS): A point where the price breaks above a resistance level, indicating a potential shift in market sentiment.
Order Block (OB): A highlighted green zone, representing a significant area where large orders were likely placed, serving as a demand zone or potential support area.
Resistance Levels: Two red dashed lines are drawn at ₹665.85 and ₹691.30, indicating potential areas where the price may face selling pressure.
The chart is meant for educational purposes, focusing on technical concepts like Break of Structure and Order Blocks.
Marico - Ready for bouncebackWill be a great level to buy near 635
View negates below 620
Expecting 700
Waiting to break the trend & make HH-HL
MARICO NEAR THE SUPPORT LEVEL Market Cap
₹ 84,187 Cr.
Current Price
₹ 651
High / Low
₹ 693 / 486
Stock P/E
55.5
Book Value
₹ 29.6
Dividend Yield
1.46 %
ROCE
43.1 %
ROE
38.5 %
Face Value
₹ 1.00
MARICO -STOCK ANALYSIS Observations on Marico Ltd. Stock Chart:
- Long-Term Uptrend: The chart shows a consistent long-term uptrend in Marico Ltd.’s stock price, indicating steady growth over the years.
- Recent Correction : The stock recently experienced a correction, as seen by the downward movement. This is a normal market behavior where prices pull back after reaching new highs.
- Current Price: The latest price is ₹647.15, with a 4% decrease from the previous level, suggesting some selling pressure or market adjustment.
- Volume Spike:There’s a noticeable spike in trading volume in recent periods, especially around the correction phase, indicating increased activity. The CVD (Cumulative Volume Delta) indicates significant buying and selling, reflecting market participants' reactions to price changes.
- Volatility: The chart suggests some volatility in recent months, which could be due to market conditions, company performance, or broader economic factors.
Conclusion:
Marico Ltd.'s stock has shown robust growth over the long term, despite recent corrections. The recent increase in volume during the correction could indicate potential buying opportunities or heightened investor interest. However, the current downward movement warrants caution, and monitoring further price action would be prudent for investors.
Marico swing tradeThe stock is trading near the resistance area possibly it will break out and give the 5-7 % up move
MARICO IS FORMING INVERSE HEAD AND SHOULDER PATTERN PATTERN- The stock has formed an inverse head and shoulder the formation of this pattern has been quite long which resembles reliability
TARGET- 691 levels can be easily achieved if the stock breaches the 583 levels also high volume bars indicate good assurance
FUNDAMENTALS - HIGHEST ever sales , net profit and OPM% which shows the company can produce immense returns
Marico - Cup & Handle & Rectangle PatternMarico is making a cup and handle & a rectangle pattern on weekly time frame. Once breakout is done, we can see levels of 760-800. Keep monitoring and once breakout is done, we can see quick moves given FMCG sector is go-to sector now. Other factors:
1. Volumes have increased substantially, pls see weekly volumes
2. RSI is above 60
3. MACD is becoming positive
4. On breakout the price will break Oct'21 price, price breaking out of a long drawn structure has high potential
"Clean Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
Marico - Looking WeakStock showing signs of tiredness after bull run
Currently in LL LH phase
Strong resistance at 665-70 areas
It can be kept as SL if sold near 650-55 areas
Expecting 610-600 in coming days
Marico 14-07-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
good volume in reason times. So still we can expect 90+ points additionally if market supports.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
MARICO | Swing Trade | Ascending Triangle BreakoutChart Analysis
1) Ascending triangle pattern breakout after 1 year
2) Breakout out -> consolidation -> Breakout
3) Stock continues bullish momentum
Marico sucessful retest with bullish HaramiBuy cmp
After strong weekly breakout the stock has retested it's resistance and is taking support there with a bullish harami pattern. Rsi at 57.31 and above all key Ema this stock is a must in your portfolio .
Will update
Marico Long TermTarget 660. Buy on dips for long term. Fundamentally strong stock low on profitability, recovery should drive price.
Marico ready to break out either up or down sideIf 5 minute candle close avove 617 and then we can see up trend in marico with first resistance 630. And If 5 minute candle close below 599 then down trend can be seen. Currently pattern mostly shows bull trend with increase in volume.
Symmetrical Triangle breakdown in MARICOMARICO LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakdown of Symmetrical Triangle Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 582-.
✅Can Go short in this stock by placing a stop loss above 620+.
H& S pattern in MaricoMade a H& S pattern in 1 hour time frame
Also getting rejection from 0.38 level of fibo
Marico's ITC moment.Finally the FMCG counter ready to go above its 2021 highs. A new all time high will open the blue sky zone for the stock. Strong fundamentals, well known brands are the key growth leaders for the company.
Amazing breakout on Weekly / Daily Timeframe - MARICOCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Also, the stock has made a retracement successfully, it's a great time to enter for long term accumulation.
MARICOBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
Marico Ltd.( potential to break all time high)
Sector: Household & Personal Products
everyone knows MARICO the FMCG player in INDIA offer great value to portfolio...
fundamentally MARICO offers ROE 34.27% & ROCE 39.82% @ only 45.07 PE .
Technically, as we can see on chart, price in HTF demand zone..
on DAILY chart we can see consolidation in bottom seems accumulation and PRICE may take upside move after breakout....
one can accumulate this stock in a gradual manner for the TGT 590/620....
maricomarico has break the resistance of 607 with big volume now nearest target is 726 as per given chart
Marico Looking up side Marico Looking up side in weekly chart and it will take approx. 2 month to reach the 2nd target
Marico is looking Good On chart Hi Friends!!!
Welcome Back.
Today, I am showing video analysis of Marico on weekly time frame. The Nifty FMCG is also making good structure on daily basis. The Marico is on the verse of breakout or even given the breakout from their resistance level. If you have positional view, Buy it for the target of around 708 with SL 559
