In the Weekly Chart of MARICO , we can see that, last 3 weeks has been bullish. Next week can be a halt or retest candle. Expected momentum is shown in chart.
MARICO LTD Key highlights: 💡 ✅ On 1 Day Time Frame Stock Showing Reversal of Double Top Pattern. ✅ It can give movement upto the Reversal final target of below 545-. ✅ There have chances of breakdown of Support level too. ✅ After breakdown of Support level this stock can gives strong downside rally upto below 505-.
trade at your own risk ...for educational purpose only
PATTERN- The stock has formed an inverse head and shoulder the formation of this pattern has been quite long which resembles reliability TARGET- 691 levels can be easily achieved if the stock breaches the 583 levels also high volume bars indicate good assurance FUNDAMENTALS - HIGHEST ever sales , net profit and OPM% which shows the company can produce immense returns
Marico is showing strength over a long period and was consolidation range. Currently price is increasing on weekly basis and may attempt ATH again. Breakout could lead to new higher price levels.
Marico Breakout from ascending Triangle @_555 On the daily charts , it has retested the breakout point at 555 and started moving up , suggesting rise . On the weekly charts it is trading near the upper trend line of horizontal channel.
Good possibility of Marico to go further down. Levels are mentioned in chart
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
Reason for long a) Triangle breakout b) volume and price spurt c)weekly and monthly breakout d) vwap support SL compulsory
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.