MARICOA good pattern and a nice BO, Good to go long.
DISCLIMER: Its not a call before investing take an advice from your financial adviser.
MARICO trade ideas
Vcp pattern in Marico Volume contraction pattern clearly visible ,on Maricos long consolidation,Main resistance is at 540 Level, But eventually will break that with FMCG sectors moving up.
This is purely based on my limited knowledge and experience,its purely for study purpose.
Kindly follow your financial Advisor before you take any position on this.as i am not authorized or neither a sebi registered .
MARICOMarico formed triangle pattern on smaller time frame & broke out of it & trading comfortably above breakout level with decent volumes.
Could be bought with mentioned stoploss & targets.
BUY MARICO at CMP 542 tgt 575 , 615 sl 500marico is 3rd time attempting to cross over above all EMAs. and also ichimoku cloud . RSI is also above 60 All the factors are supporting a good move in Marico. Always keep strict stop loss
marico option selling for 2 - 3 % profit 550 ce = 1.90
500 pe = 2.05
margin = 88k
profit = 2000- 3000 rs
MARICO support TrednlineNifty good support 15600-15800
bounce back from those level then only Large / index stock will recover in short term period
can entry @ 482 level as trend line support
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MARICOMarico is on the verge of breaking out of congestion zone of 532-535.50 with decent sets of volumes. If sustains then...
Could be bought with mentioned stoploss & targets.
Marico bullish swing tradeEma ribbon crossed into bullish territory.
The 100 ema crossed below 20 ema
#MARICO - Poised for up-move #Priceaction MARICO 1D: It is difficult to get big runaway rallies in FMCG stocks but strong moves can be picked up timely to give 15-20% returns in short term. As earlier we have seen in ITC & Nestle and now similar opportunity I see in Marico. Earlier I thought it is making H&S but combination of study is denying that possibility. Multiple times support sought at TL & poised for BO above 550. RSI turning above 60. Having key moving averages support. MACD turned +Ve. So good to buy Marico around 505-500 with a SL of 475 for Target 560 - 600 - 640.
Buy marico apr fut above 484 sell 500 ce apr expiryBuy marico fut apr expiry above 484 tgt 520 550 sell 500 ce at 13 lot size 1000
MARICONSE:MARICO
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expected price levels of maricothis target can be achieved next year if every thing remains good, you can see a fresh high as soon as the rus-ukraine conflicts ends.
Marico BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Marico next target 545As per my view 545 will be the next target... Because invert head and solders pattern create at day time frame...
