MARICO trade ideas
Marico Bounce Uptrend TradeEntered on 16 Aug 18 on 367.15 with a stop loss at 358.65
TSL update on 23 Aug 18 from 358.65 to 359.5
Current Trailing Stop loss = 359.35
In case of hitting stop loss confirmed profit of 0.85.
Ascending channel and Rising WedgeIts going in a Ascending channel and rising wedge on daily charts.
Ascending channel is bullish but its at the top of the channel there will be a probable trend reversal in short term.
Rising Wedge is bearish.
It went up close to 10% in a week. It probably went up cause of NIFTY FMCG and expectation of good results. NIFTY FMCG went up because of GST, ITC and NIFTY.
It has results on 2nd of august. We should enter after the results depending on the price level.
I repeat dont enter before 2nd of august
MARIO Wedge BreakoutMARICO has been moving in a rising wedge since 2017. testing the upper edge currently. Awaiting a breakout/ reversal on account of results today
Sell MARICO in supply zone (Valid from 2 to 6 July)Sell MARICO in supply zone (Valid from 2 to 6 July)
MARICO W PATTERNConformation required to go long.One can go long above 324 closing basis. Target can be 350.
#MARICOAny Candle with C > 334.70 and H > 348.70
Will take the stock to climb 450
SL 283
CCI(D/W) crosses 100
CCI(M) on the verge of crossing 100
All EMA alignment in place
Marico, Cup n Handle in Making...? Strong Above 332...Marico - 332 Short term, May retest same level before going up again..
Marico Marico needs to clear 335-340 for a very good upmove! CCI 100 already crossed 100 and previous high formed showing momentum in move. With Earnings to be out on 05/02 would be a part of watchlist!!
LONG MARICOI hope you can now see how MERICO CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
My PredictiveEngine's Intraday call(18-Apr) - MARICO - ShortBased on my PredictiveSystem's signals, today (18-Apr) its going to be a RED candle for NSE:MARICO
Sell below: 319.1
Target-1: 316.8
Target-2: 315.3
Target-3: 313.8
Stop loss: 321.7
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
marico for intraday323.5 to 321 range is acting as major support as per both trendlines and demand and supply analysis
MARICO : SHORT TERM : SHORTAs per my wave analysis..
I would wait for the prices to go down around 275 levels, and for reversal sign for me to buy this script for UP, as the prices can then go up to 375+ levels.
Wait game starts for this script..
