Positional Buy MaricoMarico has broken supply zone around 325-330 if it closes above this zone buy with sl of 318.
MARICO trade ideas
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).
Marico short for day trade Any rally in Marico i am looking to sell with stop 321 for Target of 306 if Market opens positive and rally this would work as potential day trading
regards
Marico : Parachute's fly to sky ??!Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :)
What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it.
Oh wait ! I have a personal interest & Disclaimer to Disclose : Yes, I use Parachute Hair oil !
Marico- Positional BuyMarico has given a breakout with volumes few days back. It is a good positional buy with 300 as SL. Half qty can be entered at CMP, rest near the breakout levels.
Marico - Can go either waysChannel Trade - Go long at CMP
Stop loss - 297
Target - 320
Or
M Formation could lead to break of the channel support.
Marico Short for day Trade The stock is getting week , Once the price brake 314 You can look for Target of 310 with stop of 317
Risk 3 Point Reward 6 Point
R:R= 1:2
Regards
Marico Continue to go upDay chart still not breaking support line continue to go up till 330 before April end NSE:MARICO
Marico false channel breakout.Marico has made false breakout and ended within the rising channel forming a shooting star pattern we may see further down side in the stock up the target of 288 in near term.
MARICO - EVERY DIP IS A BUY (Trend Continuation)It is been observed on the daily chart that the price action is trending up and now it is near to the next resistance levels of 282, once it breaks it then it shall further move up to next resistance levels of 290. It could become a good trade setup once it crosses above 282 levels.
Target 1: 286
Target 2: 290
Stoploss: 276
Marico trading at channel resistance may retrace to 270Marico has been trading in uptrend channel it closed at resistance of channel and may retrace from to support around 270 in near term.
marico finished bouncefor educational purpose marico tried very hard to take a bounce but it hardle touched 61.8% of previous downtrend. Now with sl of 281 go short for target 262. if 262 comes then hold position for breakdown the lower trendline to 254.
Marico: 200-DMA Crossover !!Price closes above the 200-DMA. Prior to the breakout, there was a nice consolidation which comes across as an accumulation pattern. Will price have enough strength to hit to test recent highs?
I don't know and am equally curious !!
Marico Breaking out of Rectangle and Horizontal ResistanceIt has been observed that Marico is trying to break out of rectangle and from a strong horizontal resistance level.
Long Entry: 265.5
Target 1: 264-275
Target 2: 284-285
Stop: Below 261.5
Marico - Power of Lines Here, in this chart, you can see Marico's current price and the lines and levels that hold importance. Take trades according to them !!
Cheers :)
Marico Trading retesting its bearish channel support.Marico after breaking long term up trend, it seem to have established a down trend and trading in bearish channel, today it broke support but closed within the range it may be due to news of currency discontinuation (500,1000 notes end) the stock is touching support and ready to upward direction to channel resistance somewhere between 270-275, traders may go long after it slightly sides below (around 255.00 )in this stock with a target of 275.00 and short again there if breakout doesn't occurs.
