Marico - Trend-line breakout NSE:MARICO has broken above its downward trend line with volume.
Go long above 319.90
T1 328.90
T2- 346.80
SL 308.40
MARICO trade ideas
MaricoMarico in symmetrical triangle pattern but now stock at upper range that is resistance for stock and now stock can move downside for next 3-5% in some days but there is resistance level matter if stock able to break level than you can see big jump in Marico because that consolidating for a long time for move but still not able to pick up buildup.
#Marico levels Resistance 320-323 and support level 301-303 (Buy only above resistance or near support and sell near resistance or below support.)
MARICO: Sell @ 302.1 SL: 304.30 TGT: 298.55MARICO has sold today with slightly larger volumes on NSE signifying a sell in MARICO around 302.10 with Stop-loss of 304.30 and TGT of 298.55
Marico - Near its support. Will it reverse? NSE:MARICO has formed a pin bar near its support
Go long above 314.20
T1 - 321.10
T2 - 329.40
SL - 304.40
Marico - Key Resistance Break outNSE:MARICO has broken above its key resistance.
Go long above - 327.10
T1 - 335.80
T2 - 348.20
SL - 316.60
Long on Drop for Next level of TargetAny Drop is buy with stop 4 % CLB (ATR 14 Period) of script value for Target of 375+
Regards
Marico: Good bet for Range Bound & Lack of Trend MarketGo LONG......
All plotted on Chart.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
MARICO Long based on S & R Marico just bounced from its 365 EMA support. Hope it will honour the earlier trend.
The trade setup would be
Buy : 307 to 310
target 1 : 316
target 2 : 336
CBSL : 301
Marico Support and Resistance TradeMarico is hovering near the resistance and hence making a low-risk high gain trade. I shall ask conservative people to get into after a green candle. I grabbed Marico November futures at 311.55 which can be considered as aggressive trade.
Marico - Bullish harmonic setup Marico is near its PRZ.
One can go long above 317.50
T1 - 323
T2 - 333
SL - 307
Bullish Harami weekly candle at support zoneStock respected weekly support area and 50WMA .
Additionally stock formed weekly bullish Harami candle.
Weekly Dragonfly Doji Candle ( With small upper tail ) at suppoWeekly Dragonfly Doji Candle ( With small upper tail ) at support zone
MARICO: Trading near 6 months Support Zone......All mentioned & plotted on Chart.
FnO / intraday / Swing levels Updated Later
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MARICO WeeklyIn daily charts, it's showing return to uptrend, but weekly charts showing trend line broken. Wait to see if the supply zone acts as a resistance, otherwise short. It'll be in range for some time.
MARICO: Opportunity for coming days.Some Fundamentals:
Beta : 0.4370
Annual div yield (ADY) : 1.43%
Div yield(5 year avg): 0.82%
Div growth rate (5 year) : 58.49%
Some Discussion on " BETA ":
A measure of a stock's risk of volatility compared to the overall market.
The market's beta coefficient is 1.00. Any stock with a beta higher than 1.00 is considered more volatile than the market, and therefore riskier to hold,
whereas a stock with a beta lower than 1.00 is expected to rise or fall more slowly than the market.
In strict percentage terms, Marico with a beta of 0.437 is likely to rise or fall 0.437% if the market rises or falls 1.00 per cent.
Low-beta stocks are also called defensive stocks because investors like to hold them when the market is on a downtrend or is particularly volatile .
High-beta stocks tend to be favoured when the market is rising steadily and investors are happy to take greater risks in order to maximize returns.
All trading related values & technical thoughts plotted & mentioned on chart.
More Updates on Market hours. (if necessary)
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Have not follow time-line all the time, Sorry in Advance if view conflicts.
Special Note:
Yesterday Given View on: DIVISLAB, AMARAJABAT, KOTAKBANK, REPCOHOME, all Positions are in Green also achieved TARGET#1 &TARGET#2 ( Amarajabat).
BY MISTAKE: BANKNIFTY: FUT+ Spot, At a Glance for Trade Date "24th Aug 2017" mis-typed as "23rd Aug 2017".
Week Price action Leads Confusion of Trend The weekly charts price action is very week , which indicate a doubt of further rally , but some time they do make one more turn around and brake the current high and come back very fast down ward
i will be looking for strong reversal sing in day candle with volume confirmation to go long
Regards
Possible reversal set up The stock has made its 5 Wave count , with completing the 5th wave as equal distance of 1st wave
i am looking for correction in this stock , it may also spike little before heading down , I am looking to sell below 325 for Target 1-313 then stock can move for side ways before heading to second target T 2- 303 , this is possible set up for current view
Regards
