MARICO trade ideas
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
Positional Buy MaricoMarico has broken supply zone around 325-330 if it closes above this zone buy with sl of 318.
MARICO : DUE FOR ....aaa ...GST HICKUPP....UCCH...!Marico has been trending quite strongly since Dec - 2016, however as the markets rejoiced the benefits of GST, the scrip has also been cautious of the initial hickupps facing the implementation of GST, the Dealer/Distribution caos & other minor issues.
Marico being a player from the FMCG pack is also expected to do its own errands..
Since the Nifty itself is willing to rest & correct for a while, these FMCG GST sensitives are expected to do the same.
A retracement of 38% to 50% will be a healthier boost for all these stocks.
So one can expect Marico to move towards 306 / 283 before resuming its uptrend.
As we can see the market has been telling us to move one step back & two steps forward....
Keep a stop loss of 314 & look for targets of 306 / 283 before July end.
Happy Trading.
Marico Flag BreakoutThe stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
