MARICO trade ideas
MARICO - Repeted buying at SupportMarico has good chances of retesting its September month high. Repeted selling pressure at strong support indicates buying strength in Marico. Possible long up to 380 / 390 levels
Marico stock to take for long entryBuy Marico after the TL BO @ level of 365 for the target level of 382 with the SL of 355. High probability good risk to reward trade.
Always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
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Positional trade - Maricolevels for positional trade in Marico. Infact ever consumption good segment stocks looking good.
MARICO "Doji Formation"Marico confirmation based on :-
1. Doji Formation
2. Support zone (Demand zone)
3. Good Buying volume.
Keeping Stoploss @ 360.
This is my view and lets hope for the best.
#MARICO CASH : LOOKS GOOD ABOVE 370.10MARICO CASH
13.09.2020
LOOKS GOOD ABOVE 370.10
& DIPS 366-367
STOPLOSS 363
TARGET 377-380/388-390
CMP 366.70
MARICO SWING ALERT!!!NSE:MARICO
Possible short term targets are 383/391
(ALWAYS TRADE BASED ON YOUR OWN ANALYSIS, USE OPINIONS ONLY AS REFERENCES)
Buy MARICO at current levelsBuy MARICO at current levels
- A Bullish Divergence can be observed
on MACD chart
- A Double bottom has been formed
- Currently the stock is available at
S1 level of Fibonacci Pivot
sell MARICO with 2 conformationsell MARICO with 2 conformation
1 double top pattern
2 trend line break down
Marico looking good for buyingMarico is in uptrend looks good for short term buying
target 1- 369.30
target 2- 380.45
idea for educational use only. NSE:MARICO
Go long on MaricoOne can see an inverted head and shoulder pattern breakout in Marico, the targets are - 400,420,445
IntradayTrade - MARICOIntradayTrade Setup For 24-Aug-2020
Buy MARICO Above Rs. 378 for the Target of Rs. 383 ..
Stoploss Rs. 375 .
Comment your views.....
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Thank you,
Vishwajeet Sharma
Marico stock in bullish mode.Stock of Marico is on bullish mode at all TFs. Now stock is forming the double bottom pattern . After the neckline and as well as resist level broken a very good buying opportunity will be formed. Buying above the level of 379 for the target level of 405, if stock able to sustain above the level of 405 so we can see the next level of 415 very soon . SL can be kept at the level of 368. So add the stock in your watch list to see the price action movement of the stock. This would be life time high of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Marico (Will a Divergence lead to a fall from current levels ?)Marico has formed a beautiful trend line in the daily timeframe. While the chart was forming a higher high the MACD indicator was forming a lower high indicating a divergence between the price movement and the MACD indicator. Currently the price is testing the trend line yet again and the MACD line has crossed the signal line from above indicating a selling pressure incoming, however we need to keep in mind that both the line are still above the 0 levels indicating a long term positive momentum which is very much indicated by the chart.
A breakdown from the trend line and breach of the nearest support should ideally lead to a fall in the range of 350-340 levels or even further. Market momentum will have a role to play as well and looking at the volatility it would be wise to keep a trailing stop.
Which side will you be betting on ?
Do share any views or criticism if possible.
