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 trade ideas
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 - Breakout & Retest Setup!Overview & Observation:
1. 70% Fib support zone.
2. Good volume support
3. Breakout & Retest done.
Trade Plan:
1. Eyeing 20% upside with 10% SL
2. RRR is okay, not great!
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
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
MARICO bullish; above 610 ? - Thursday 23-May.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
MARICO - HEAD & SHOULDER PATTERNMARICO LTD is making H&S pattern at Daily Chart. Made Hammer Candle on 18apr at 2nd Shoulder, gave Breakout on 26april.
For my learning and digital records purpose only.
Buy Marico: Trade IdeaNSE:MARICO is a buy if it holds 580 this week. A strong weekly closing on the back of strong numbers is exactly what this counter needs after months and months of consolidation. Let's go MARICO!!!
It is time to buy this low risk:reward setup.
STOP LOSS at 580
EXPECTED DIRECTIONAL LEVEL FOR THE YEAR 2024Hey Folks !
All the important levels are marked along with the description.
These levels are marked for expected Uptrend.
Strategy is simple.
Entry point is the value buying area .
Stoploss is the yellow line.
Targets are the upper green lines.
Club these levels with your analysis to have an edge.
Dear Folks! If you find these analysis useful then boost the Ideas.
Marico(India) projection for coming days.(20-04-2024)I have analyzed with the candle patter, wave & Gann level. Based on that i have prepared this projection.SL & target are mentioned.
MARICO-Likely Flag Pattern BreakoutMARICO-Has formed a nice Flag pattern in hrly charts.Going by the pattern the next target would be 540+(For educational purpose only)
MArico- Range Bound BBTCL- 3Q + 3M+ 3w + 4D + 10x Mazgaon ka funMArico- Range Bound BBTCL- 3Q + 3M+ 3w + 4D + 10x Mazgaon ka fun
3Q + 3M+ 3w + 4D + 10x Mazgaon ka funda
1) Strong Range Boundation
2) Target 5 times
3) Lets see
