Watch Marico for LongWatch NSE:MARICO @
CMP For Long.
Was in Consolidation for the last few months.
Maintain Proper R:R
MARICO trade ideas
crossed above 200 sma. positive on A-VWAP. Bullish RSI divergence indicating breakout.
A-VWAP indicating positive uptrend if it gives opening above 200 sma tomorrow.
MIght take resistance of trend line in short term.
Please note: I am a learner myself and seeking to improve knowledge. Any suggestion is welcomed. The idea is not for trading purpose.
Marico Demand ZoneMarico fell today by 4% on decreased volume growth news in the last quarter. If it approaches marked levels then will be a good opportunity to add to the portfolio.
MARICO LTD ELLIOT WAVE TRADE SET UP Hello Friends,
Here is MARICO LTD TRADE SET UP as per ELLIOT WAVE theory, Marico ltd chart just finished wave 5th and now Ready to move up we can enter near 490 to 505 with stop loss of 450 closing basis for the TARGET of 600.
Thank you,
Happy Trading.
MARICO LTD: Strong buyBSE:MARICO shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 1: 553.40
Target 2: 562.30
Stop Loss: 535.25
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Breakout in MARICOBreakout in MARICO in Daily timeframe. One can enter now for a target of 605.
DISCLAIMER: The ideas shared are only for educational purpose. I am not SEBI registered.
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Marico Long Marico came out of the consolidation patch now after almost 3 months . earlier range for the Merico was 450-546
now crucially the development will happen above 550 close towards new high
also new resume in the trend of long will be happening 545-520 strong retest zone if any weakness happening the stock.
beautiful structure base .Correction from 600 odd levels to 450 zone happened
bulls looks in charge for new rally in marico
#MARICO continuous candle shunting to 533with RSI crossover above 60 imminent , #MARICO continuous candle shunting to 533
Marico Analysis !! Broke Out.📈 Marico 📉
Marico broke out from a resistance zone 515-520 on closing basis after testing three times.
On Buy Side I am looking for Targets of 550 followed by 580-590 Zone.
StopLoss should be kept in 505-510 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Inverted head and shoulder breakout in MaricoBreakout of Inverted Head and shoulder from a very important resistance level. The target of 10 per cent for swing traders.
#Marico cash : Looks good above 530.10#Marico cash -Positional call
16 March 2022
Looks good above 530.10
and dips 520-523
stoploss 510
Target 548-550/574/600
Cmp 525.45
Marico ready for breakout !!!!Marico is giving breakout above 520 a crucial level also the highest call oi strike,
showing strength with rising volume.
Both RSI and MACD supporting the up move.
MARICOMarico Limited is a consumer products company operating in the beauty and wellness space. The Company's principal products include edible oils and value added hair oils. Company's brands include Parachute, Nihar, Saffola, Hair & Care and Livon.
Current price is more than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock offers good dividend returns
Low probability of default in next 12 months
PE Ratio 55.93
Largecap
With a market cap of ₹65,555 cr,
Stock is 1.51x as volatile as Nifty
Over the last 5 years, market share increased from 17.71% to 19.92%
MARICO has increased dividends consistently over the last 5 years
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Marico Ltd support zone and resistance zoneThis Is support zone and resistance zone where one can look for buying and selling opportunity so take decisions decisions...
Pl
Maricogainprofit066
High : 18/10/2021 : 607.70
Low : 25/03/2020 : 245.50
75% : 517.15
50% : 426.60
25% : 336.05
Marico -Daily - Inverted head and shoulder pattern formationMarico -Daily - Inverted head and shoulder pattern formation
Wait for a good volume and break above 515
NSE:MARICO
Marico looks good above 511MARICO looks good above flip level
1.CROSSING 200 MA
2.BOUNCED OF FLIP LEVEL
3.BOS CONFIRMED
4.NOT CLOSING BELOW 509
BUY ABOVE - 511
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Simple Trade Setup | MARICO | 07-02-2022 [INTRADAY]NSE:MARICO
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel and already took support from it.
On Friday it made good bullish candle and also closed just above 510 level.
Now immediate major resistance is at 520 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
