MARICO BUYING ZONE NSE: MARICO As per swing and my price action marico now in buying zone with 1.5: 8.2 ration it is only observation not for trade
MARICO trade ideas
MARICO - Breakout from Range - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
MARICO - Ichimoku Bullish Breakout Stock Name - Marico Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 552
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Why am I bullish on Marico. Analysis on Daily, Weekly & MonthlyPatterns play an important role in trading. Especially when the same patterns appear on the different time frames.
In Marico we see the formation of triangle patterns on Daily, Weekly and Monthly time frames.
Daily Chart - Ascending Triangle Pattern
In two trading sessions the price had tested the upper and lower length of the triangle.
So, from this we predict the price is ready for a move.
Weekly / Monthly Chart - Symmetrical Triangle Pattern
This triangle pattern has a success rate of more than 70%.
And the price is near the upper length of the triangle on both time frames.
If we see the broader picture of these 3 time frames the stock looks bullish as it tries to move upside.
The price may be volatile on the daily time frame. The probability of the volatility is very high.
The volatility on the daily time frame makes the price comfortable on the weekly and monthly time frames.
Marico -Marico was stuck in range since June, forming a Range contraction setup.
-Before breaking out, it forming inside bar formation and finally gave close above trendline.
-RSI has been facing rejection from 69-70 levels in the past, though RSI has broken out will watch out if this time RSI is able to break resistance
MARICONSE:MARICO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Invest in Marico?Personal, I am waiting for MARICO to drop below 510rs in the near future for my first entry into the company. Marico has a complete dominance in the oil industry, and right now, Marico is heavily focused on their Saffola brand, with an aim to generate 850cr in revenue from the brand.
And the earnings from saffola in 2022 is extremely strong and expanding.
MARICONSE:MARICO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Marico result updateGood set of Numbers by Marico
Domestic and Internation segment witnesses robourst growth in Q1
Results
MARICO Q1 : CONS. NET PROFIT UP 3.5 % AT 377 CR (YOY), UP 47 % (QOQ)
REVENUE UP 1.2 % AT 2558 CR (YOY), UP 18 % (QOQ)
EBITDA UP 10 % AT 528 CR (YOY), UP 52 % (QOQ)
MARGINS AT 20.6 % V 19 % (YOY), 16 % (QOQ)
