MARICO trade ideas
MARICO : Short term and medium term forecastAs per my wave analysis, blue and pink arrows are possible short term options.
Trade them accordingly.
This are not trade signals.
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MaricoMarico is at 62% support. Should reach (50%) 346.5 and (32.5%) 358 near future. Stop loss 328.
[Intraday] Insidebar MARICOLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 337
PDL 332
[Intraday] Weekend lvl 9 MARICOHas been falling the past 9 days, with the a green candle in the past 2 sessions and broke the PDH
Long only if it breaks the high of the previous day with a stop loss at the previous day's low or previous day close
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 343
PDL - 335.75
[Intraday] MARICO Weekend lvl 7 + Inside Bar TradeWeekend lvl 7 + Inside Bar
Has been falling continuously for past 7 days without breaking PDH. Today it has made an inside bar. The previous day candle has shown good rejection from bottom.
Long above 339.65, SL PDL
Short below 333.50, SL PDH
If gap up or down, follow 5m ORB.
Marico..double topMarico formed a double top in the 390s and has fallen to weekly support as marked by the blue line.
it formed a hammer on daily chart today..
330 area is weekly support and weekly 100 ma at 328,
note: this is my personal view only
[Intraday] Bounce from ~360 lvl + weekend lvl 6 MCXHas been falling the past 12 days, with the first green candle today. hasnt broken PDH in the past 6 days, broke PDH yesterday
Long only if it breaks the high of the previous day with a stop loss at the previous day's low or previous day close
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 370.15
PDL 326
Marico Sell 400 CEWeekend Level 3, Hit lifetime high recently and fell from that
Max OI is 400, so should sell 400 CE
