Mario Short Term Fantastic movementVULTURE: riCk Free Analysis.This is the golden gain time for short term . fastest moment on any cost as per analysed data. This is my own analysis.
Disclaimer:
This is for. study purpose only.
MARICO trade ideas
MARICO--@Neckline??This stock is likely to test the demand zones.
now price is near to neckline, this is the key level, once breaks a quick retest to the support is observed.
multiple rejections on topside is observed in this stock at right shoulder....
keep looking for buyside...if it reaches to the support levels.
price is likely to be between these neckline and support levels, and gives us breakout.
Marico might mend the trend..Marico Ltd. Is manufactures and markets products under the brands such as Parachute, Parachute Advansed, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, etc. Marico’s products reach its consumers through retail outlets serviced by Marico’s distribution network comprising regional offices, carrying & forwarding agents, redistribution centers & distributors spread all over India. Marico Ltd CMP is 536.20.
The Negative aspects of the company are High Valuation (P.E. = 47.4), FIIs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 537. Targets in the stock will be 554 and 563. The long-term target in the stock will be 575 and 592. Stop loss in the stock should be maintained at Closing below 508.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
MARICO AT SUPPORTStock taken support at this level multiple times.
Follow proper Risk Management.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
[Positional] Marico Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Marico 3rd December 2023( English language)Hello everyone. We are looking at Marico We have provided four charts with 5 15 75 and 125 minutes
Marico is on our list for quite a long time. We have as a 10 few levels for Marico One can go long with sl of 523 level.
Breaking Out on 1 hour candle. #Marico Are you looking for a Breakout Stock? It's right here.
What's your view on this? Please share.
Hope this post adds valuable insights to your trading/investment journey.
Don't forget to share with your friends. (Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.)
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Disclaimer:
Please note that this is only for Study Purpose and not a recommendation.
So please do your own research before investing in market.
Marico is coming out of correctionAs the chart already depicts, Marico is now expected to have started the wave iii of 3 with the breakout from the falling wedge pattern.
One thing some way wonder is, what is with all those projections?
Well, to reach from CMP(530) till 660, it will take several moves for price to do it, as it does not shoot up at once...these several moves will form the various subdivisions of wave iii of 3.
According to the Elliot theory this is how price always moves. A bigger move is always made up of several smaller moves put together.(both impulse and corrective moves).You can always breakdown any major impulse or correction on any timeframe into much more refined and more classified waves if you deep dive into one smaller timeframe than the current.
Now coming back to the chart, the stock took support from a previously tested crucial support zone which also happens to be the 50% retracement mark of the impulsive rise stock witnessed from Apr.2023 till Oct.2023.Stock is also giving a break out from a falling wedge.
On the upside level 550 will be the first major hurdle on its way towards 600.
On the downside the low of 516 is an important support for the stock.
MARICONSE:MARICO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
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 #nsetrendstocksCheck if black trendline at top breaked then it become bullish. At top side sellers stoploss become shorter and shorter then in a single candle buyers get everything with us and boom. Supporting blue horizontal lines shows this is simple every stocks climbs on stairs. But never break 💔 previous low cause it will become next resistance. Always check with your analysis.
MARICO - Rectangular pattern formation on MaricoThere is a rectangular pattern formed in 15 min timeframes where the price has taken resistance multiple times near 191.00 level and support near 182.00 levels.
This can be potential trade in both ways:
We can go long if price breaks out 191 level
go short if price breaks down 182 level.
Happy Trading:)
#Marico | #Flag&poleThe stock was doing time correction after a decent upmove, now on verge of breakout with a flag and pole formation
MARICO: Looks BullishMarico retested its support trendline and got a rejection from bottom. Marico Broke its trendline and now is ready to move up!
Marico-Nice BreakoutMarico-Nice Breakout
Capital to be deployed- 20k
Investing Price -565-572
Breakout Price -564
Stoploss -537
Targets -620-821
Do retweet so that it helps someone
#marico #StocksInFocus #StocksToBuy #stockstowatch #StocksInNews #SwingTrading #BREAKOUTSTOCKS
Marico - Shall we Marry this Co.? :)Marico has made a nice bullish flag and pole pattern and monthly charts.
Will we see 800-850 levels in Marico or I am being too optimistic?
Lets wait and watch.
Marico expecting a good breakout.weekly gap and sideways consolidation can lead to next good target in coming days.
MARICO - Bullish Consolidation with VolumesNSE: MARICO is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Marico looking good for LONG-Short term target is 550Marico looking good for LONG -Short term target is 550.
MARICO- Daily/Hourly Timeframe-Bearish patternStock is looking weak in daily time frame. From past few days it’s not able to cross it’s previous swing in daily time frame. It’s at crucial level 520-523. It has bounced multiple times from this lvl.
However, if this lvl breaks on 30th June it will be good opportunity to go short.
Please make sure there should be a bearish price action in 5/15minute time frame for intraday trades.
This is only for educational purpose, please manage your risk accordingly.
