MARICO trade ideas
MARICOMARICO IS AT ITS LEVELS FROM WHERE TREND MIGHT CHANGE, BUT IF 358-360 HOLDS EXPECT 366, 372 AND 375 COMING.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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R-0223 Short Term Cash Buy MARICO @362.40-364.4 SL 353.6 TGT 381Short Term Cash Buy MARICO @362.40-364.4 SL 353.6 TGT 381(Short term trend remains positive)
#1. Pivot break out 359.60
#2. MACD cross over indicates bullish moment.
#3. Next resistance is 386 so book profit in the range of 280-385.
#4. Above VWAP @361 which further indicates bullish moment to continue.
#5. Ichimoku cloud break out so STAY LONG.
Marico can go up after BOMarico can go up, wait for BO and restest and enter with good R:R.
** Eductional purpose only **
This is my personal view, please do ur own research before taking any investment decision.
This view is negated if breaks the support.
hourly long 364.5-362.9 pro: 1. origin of location move 2. 3 exhourly long 364.5-362.9
pro:
1. origin of location move
2. 3 exciting candle in 5 min
3. origin of 5 min candle move
con:
1. smaller 5 min exciting candle
2. stock is near all time monthly supply, so if it comes downward, it can be aggressive based on margin of safty
#MARICO #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #BANK#MARICO
MARICO
CMP: 351.90
TARGET: 390
SL: below 345
Long Marico buy at CMPAdhering to the trend line
Long set in Marico for Target around 400
Stop loss is small but wait for one green candle for confirmation for sure shot move
Marico is slow mover hence patience required
MARICO
NSE:MARICO
REQUEST ALL TO SHARE FEEDBACK ON CHARTS PUBLISHED DAILY.
PLEASE SHARE YOUR STORIES/EXPERIENCE, AND SPREAD THE WORK SO THAT IT BENEFITS ALL
THESE ARE ALL MY SINCERE EFFORTS, A BIT OF FEEDBACK WOULD BE A BIG ENCOURAGEMENT
THE CHART IS SELF EXPLANATORY WITH LEVELS FROM IT CAN REVERSE AND ACHIEVE 375
ELSE DOWNSIDE LEVELS ARE GIVEN WHICH ARE ABSOLUTELY CLEAR AND IN PATTERN WITH PAST LEVELS
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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MARICO double bull formationInverse H&S in play followed by a Ascending triangle formation in recent weeks.
Target price around 500.
Disclaimer: Not an advice to Sell or Buy!!
R-0144 Cash Buy MARICO @366.00-369 SL 360.3 TGT 382Short Term Cash Buy MARICO @366.00-369 SL 360.3 TGT 382
About to cross TK line + MACD cross over and cloud break out so we expect it to move in uptrend go LONG.
Marico - Wolfe wave with AB=CDMarico had flag pattern previously now on daily chart made wolfe wave with AB=CD, 2 Bearish pattern confirms weakness.Can short from CMP or can wait till PRZ to go for short. Targets on Chart.
R-0124 Short Term Cash Buy MARICO @366.70-368.7 SL 358.3 TGT 386Short Term Cash Buy MARICO @366.70-368.7 SL 358.3 TGT 386
Above VWAP and corrected from day's high followed by TK cross over so go LONG.
MARICO looking bullish.MARICO is looking bullish. If it breaks the resistance level, it can give a good move.
MARICO seems bullish Probability is a bit less for trade to work so i'll take less risk.
Please do your own research before trading or investing.
marico let's wait for the chart to break the trendline and it will give a breakout on any side. #my_opinion if breaks any side and sustain we can take a trade with a sl of trendline .
MARICO - Bounce back from bottom line - Bullish on all chart#MARICO is trending under the channel and has strong support on 20EMA and bottom support line. After hitting bottom support stock is start moving upwards and Today 50SMA crossed above 200EMA. ATR is decreasing and stock in narrow range since 4 day.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
50SMA crossed above 200EMA
William %R is treading UP
+DI crossed above -DI
New Long position
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Support : 340 and 331
Breakdown : 344 (OR Gap down opening)
LTP : 348.65
Breakout : 351 (OR GAP UP opening)
Short Target : 355 and 358
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Positive & Negative Point:
1) Very Bullish in Daily chart.
2) Very Bullish in Weekly chart
3) Very Bullish in Monthly Chart
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(Disclaimer: This is only for educational purpose and paper treading.)
