MARICO trade ideas
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.
MARICO intraday - 11-08-2020Buy above 372.5
Target - 377-379
SL - 370
*Strong resistance near 380 keep close watch near this price zone if open gap-up avoid trade for first 5 min
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
inverted head ab shoulder 2 reasons for bullish confirmation
1. inverted head and shoulders
2.uptrend
MARICO LTDMARICO LTD:- BUY RANGE 350₹-375₹ for Target 400, 450++
Stop-loss:- 320₹ CLBS
Disclaimer:- Breakout with vol. accumulation seen in past days..
MARICO - CHANNEL BREAKOUT GIVEN#MARICO
BREAKOUT GIVEN ABOVE THE CHANNEL
BUY ABOVE 370.20
SL 100EMA
TARGET 373.2/ 376.4/ 379.3
Breakout on Marico Breaks almost one month range we can see a good movement on tomorrow.
Targets 370/380/385/390
Marico: Heading towards ResistanceThis is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone.
Hit like comment
Regards
Stock Analysis of Marico Marico - CMP - ₹357.10 Dt.–25-07-2020
I have taken the 4-hour chart and in the chart, you can see the stock is in an uptrend and was taking the support of red trend lines and now the stock is moving up and down between support and resistance line placed at ₹342.80 and ₹358.85 respectively.
The price is also moving upward, trapped between the purple trend line. If earning beats estimates, the stock will move upward, beating resistance placed at ₹358.85 and then it will try to break the purple line. If fresh buying come after the stock breaks the upper purple line, then the price can go up to ₹374.25.
If the price falls because of bad earning report or for some other reason, the stock will break below the purple trend line and then the support level which is placed at ₹342.80.
Price is closed above 50DEMA in 4-hour chart as well as on the Daily chart.
