Marico seems to have formed double top 1. Negative diversion on RSI and MACD on daily chart 2. Double TOP 3. can be Shorted for TGT of 538-520- 506 View Negated if closes above 585 I am not an expert, I just share interesting charts here Please seek expert opinion before investing and trading because investment in share market is subject to market risks
marico 1w channel breakout buy@ 562 target 590, 598, 603 risk reward 1.3 sl@531
Short the Position in Intraday take Risk win the Risk enjoy the Risk SL will be 570 small SL big move
MARICO PERFECT BREAKOUT APPEAR ON MONTHLY TF NOTE : This will not buy or sell signal for you kindly consult with your financial advisor before jump into any trade.
📌 Breakout on Weekly TF #MARICO - BO from a Channel - Validated with Volume - Above Key EMAs - Bullish RSI
After consolidating for 1.5 yrs, trendline breakout of last 1 year high and breakout of inverse head and shoulder pattern on weekly timeframe happened today. Entry at today's closing price = 574.35 SL, Target mentioned in chart.
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Marico looks attractive at CMP 538. Tgt 1: 550 Tgt 2: 580 SL: 528 (Closing Basis) Basis some minute observations, chart analysis is made, target and SL is given to understand the core of the subject for learning purpose only.
In the Weekly Chart of MARICO , we can see that, it has multiple rejections at 440-450 levels. Inside Candle is formed. Expected Momentum is shown in Chart.
✅Marico is about to break the 1H trendline ✅Good volume ✅Consolidation near the breakout point
head and shoulder pattern at resisatnce level price reversing from resistance level MACD 12-26 is bearish target -520
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock. This is just a backtest for the indicator I started using.
March is at resistance and has been rejected. it has formed a head and shoulders in the Daily TF. All the analysis and levels are only for educational purpose
1. head and shoulder of ~7 % depth formed at top of current rally 2. a deeper correction to 477 zone as target
The chart is self-explanatory. neckline break of Head & shoulder upside potential > 9-10% TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
BUY - MARICO CMP - Rs. 528 Target - 1: Rs. 605 Target - 2: Rs. 699 Target - 3: Rs. 747 . . Technicals - Bullish Triangle Pattern . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Sell below low of breakdown candle at 526.10 stoploss at 540.35