MARICO trade ideas
MARICO is Making Ascending Triangle Pattern (Breakout Trade)Marico Limited : ( NSE:MARICO ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
Reason why Marico reversed suddenly ? Marico reversed big in the last trading session because the price reached the major support level ( major because this level plays from 2017 ) which is shown in the analysis. So the price wont reject too big without reason.
Start your analysis in bigger time frame to find this small small clues !!!
MARICO NEGATIVEMARICO gave a range breakdown and in yesterday's session the earlier support of the range acted as strong resistance completing the retracement.
Also it showed a false breakout trapping many longs justified by follow up volumes
So go SHORT on MARICO
Marico Short sellMarico is at previous demand zone and formed Supply zone here as well, if this level brakes can see good down move from here.
A perfect uptrend for MaricoA channel, rsi, Bollinger bands show that Marico was oversold and reversal in the trend is beginning to show up. All the indicators are matching a perfect uptrend in price.
MARICO is Making Descending Triangle Pattern (Breakout Trade)Marico Limited : Consumer Goods Company ( NSE:MARICO ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
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
