MARICO trade ideas
MARICO....DOWN....MARICO HITS A GREAT LEVEL....
CHANCES TO GO DOWN..BECAUSE..
THE SELLERS IS MORE...
MARKET ALSO....
OTHER INDICATORS ARE ALSO SHOWING A SELLING SIGN
MARICO (CASH)BUY for UPSIDE Target 1-389, Target 2 -400
and in DOWNSIDE Averaging Price 362 & STOP LOSS 350
MARICOGRAVE STONE TYPE DOJI FORMED TODAY.
MARICO MAY GO DOWN TO 363 AND 357 IN THE COMING DAYS.
STOP LOSS MAY BE KEPT @ 373.
Next Possible MoveOne can look for sell on rise basis as its moving weak
This one is easy to trade sell on reversal and stay with it ,
Short sell in FuturesOne can look for adding shorts and be patient it will move down , its in D-buck status , wait for daily low to brake
stay with it for longer % profits
Buy Low, Sell HighMarico would most likely make a move down first towards the most recent lows and then it could proceed to make a higher high. There is no sell setup yet, so caution advised if selling. If there is a sell setup that forms over the next few hours, then maybe sell could be looked at. The bias is to the upside so I would wait for the down move to buy and look to exit at a level higher, indicated on the chart. Classic Buy low - Sell high with a decent risk/ reward. Patience is the key here.
Marico stock in channel resistance may break out or come down so buy ce and pe of june expiry
Strategy Positions
+1x 27JUN2019 370CE - ₹ 10.4
(0)
+1x 27JUN2019 370PE - ₹ 9.65
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -2,119.46
Breakevens
360.3-374.3
MARICO - TOWARDS HIGHER TARGETSMARICO IS IN UPWARD MOTION WITH TARGETS OF 381 & 392.
MAINTAIN STOP LOSS @ 354.
THE UPTREND IS CONFIRMED WHEN THE PRICE BREAKS THROUGH THE 370 LVL.
MARICOUpon breakout (mostly upside) will touch green targets.
Even if it retraces back from trendline i expect it to touch the support line in yellow and bounce back for breakout.
MARICO LTD - Bullish Bat, Bearish Bat & Gartley - 4H TFBullish Bat, Bearish Bat & Gartley pattern on 4H Chart of MARICO LTD. BUY around 340.5-342, SELL around 362-63 for Gartley, and around 365-66 for Bat. Another Bat BUY around 334-336. Avoid carrying to the next day except for the last one.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
MARICO - Bearish Bat -1D TFBearish Bat pattern found on Daily Chart of MARICO. Current SELL was around 367 levels. And another Bearish SELL also exists around 377-378 levels. Wait for the 378 levels as currently it has already reversed till sub 362 levels from 367.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
MARICO : NEUTRALIF THE STOCK CLOSES ABOVE 367 ON 4 HOUR TIMEFRAME WILL HEAD TOWARDS 376,383 IN THE NEAR TERM.
