Found Marico interesting for next 1 quarter. Reason- 1) Huge investments worth 20k Cr coming in for diversification of product as well as manufacturing. 2) Increasing profits this quarter, showing a positive trend. 3) Looks undervalued on the charts. Let's see if it can hit 560 again till Jan 2024. Stoploss would be below 515. let me know what you think.
Go Long above 492.55 for Targets of 510.6, and 528.65 with SL 474.5 Reasons to go Long: 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.381 Fibonacci level. 2. In addition to this there is a strong support zone (marked with...
1. Triple top formed 2. Neckline broken 3. Retested. Below 530 - Good to Short Target 1 - 517.5 Target 2 - 504 Disclaimer :- Iam not SEBI registered adviser. Please research before Investing. This is for Educational purpose.
Long Marico after the BO of TL above Rs 545. Stock trading near the 200 EMA level. this is the area of entry. In case stock rejects the area wait to cross the 200 EMA level. A very high probability that stock will bounce back. Good risk to reward trade. This is for your educational purpose only.
Buying MARICO in DAILY positional trade Good structure making HH-HL.
📊 Details Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It 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, male grooming and fabric care. Disclaimer: This analysis...
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Broadning pattern 📌 Symbol/Asset: MARICO 🔍 Description: Stock is making broadning pattern. And we might see bounce after touching suport level. We have to wait if stock gives breakdown. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one...
MARICO :- On the daily time frame, the stock has tried to give a breakout by hitting the multiple time resistance, if we get a breakout, we may see an upside moment. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until...
NSE:MARICO formed hammer on supporting trendline on daily TF. Entry : 578.8 Target : 590 SL : 567.65 RR : 1
Marico as a company needs no introduction. Simple Chart - Range Breakout - Easy returns Investing isn't that difficult if you keep it simple.
Hi Guys , After Long consolidation , waiting for Tringle breakout . Level marked . Check study and invest .
In the Weekly Chart of MARICO , we can see that, last 3 weeks has been bullish. Next week can be a halt or retest candle. Expected momentum is shown in chart.
MARICO LTD Key highlights: 💡 ✅ On 1 Day Time Frame Stock Showing Reversal of Double Top Pattern. ✅ It can give movement upto the Reversal final target of below 545-. ✅ There have chances of breakdown of Support level too. ✅ After breakdown of Support level this stock can gives strong downside rally upto below 505-.
trade at your own risk ...for educational purpose only
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 is showing strength over a long period and was consolidation range. Currently price is increasing on weekly basis and may attempt ATH again. Breakout could lead to new higher price levels.
Marico Breakout from ascending Triangle @_555 On the daily charts , it has retested the breakout point at 555 and started moving up , suggesting rise . On the weekly charts it is trading near the upper trend line of horizontal channel.
Good possibility of Marico to go further down. Levels are mentioned in chart