MARICO trade ideas
MARICO, NEXT HIGH PROBABLE BIG BULL FMCG STOCK (CHART# 390)After having most successful day today with all weekend charts (GLENMARK, STAR, HINDUNILVR, INFRATEL, IRCTC, DRREDDY) giving great move, its time to start looking for fresh stocks.
MARICO looks very good above 404-405 range as it has tried multiple times to break his zone but failed but today managed to give closing above 400 after 2 years.
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Thanks
Piyush Gupta
MARICO 1DTHE STOCK IS IN UPTREND AND CHART LOOKS VERY PROMISING HERE
TODAYS CLOSING AND VOLUME INFUSION MADE ME CHOOSE THIS STOCK
BEST BUY WOULD BE ABOVE 404 ONLY DONT TAKE ANY ENTRY BEFORE
TARGETS:- 412, 417 AND 425
SL:-387.50
Marico - shortsell from 396.4 to 398 daily clbs sl 398.5 tg 393
Disclaimer : This is my personal analysis for study purpose not intended for trading
Marico Inverse HNSMARICO | Inverse Head and Shoulders Pattern | Price near it's all time high.
It's Honey is tested for being purest😉.
There is a good support at 330-350.
Technicals are bullish .
CMP: 395 (Wait to close above 404)
SL : 330
Target : Sky is the Limit 🚀
(Short Term Target: 510 and then 680)
Follow strict stop-loss.
This is not a recommendation and is for educational purposes only.
Always follow risk-reward and quantity management.
The above mentioned idea may not work, so beware of the risk you are taking.
Marico- Near 2 Year strong Resistance, 3 reason to Break now...#marico 3 Reason to Break 2 year Long resistance 1 - Inverse HnS pattern 2 - Current Bullish Engulfing Candle with good volumes 3 - FMCG Sectoral Index about to BO.
Marico Tried to break 400 earlier in Dec 2018, then in 2019 consecutive 3 months but could not sustain and had a free fall.
Now these 3 reason are enough to breakout with 360 SL for positional holding.
LONG MARICO AT POC [VOLUME PROFILE] + VSALong Marico at PoC - 362.5
Sign of Strength - Stopping Volume + No Supply
SL - Exit id day's close below 355.5
Marico is going UPIt broke one month trendline and retraced it. So I'm bullish on this stock.
Targets - 389.45, 399.35
SL - 374.25
Marico reached the strong resistance levelPrice reached the strong resistance levels and it is expected either to break up side or gets rejected and reach the support level.
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Inverted H&S in Marico!Marico is once again knocking at it's all important resistance which is at 378.5 with an inverted head and shoulders pattern this time. If you trace back a little in Marico, you can see that the stock has been trying to break the 378.5 barrier since a long long time. If it manages to break the barrier this time with it's inverted H&S pattern and sustains above it the stock can cross 400 in the coming days.
Intraday Setup: Looking good between 379-381. For 390/400+ with Intraday Setup: Looking good between 379-381. For 390/400+ with SL of 375. Price showing good momentum so far. It has already confirmed it self so we can take trade but after waiting for first 45 mins.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
