MARICO trade ideas
A full bodied candle to exit the range will lead to gap fillingWe can expect that IF the price exits the box and then attempts a downward move a take profit point can be expected at the gap fill range.
MARICO - Uptrend If market continue current trend - MARICO can go to 450-475 lrvrld in next couple of sessions.
Currently trading on trend line -- if sustains above - clear Long oppertunity.
Add to watch list - trade as per trend.
MARICOI'm not an expert I'm just sharing my views on MARICO for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
MARICOI'm not an expert I'm just sharing my views on MARICO for next trading day
I'm not responsible for any profit or loss this is not a recommendation
Marico - Intraday / Swing Trade SetupMarico CMP - 414.95
Looking bullish in higher time frame. One can go for Intraday / Swing Term Trade setup with the following entry, exit & targets
Buy at or Above 415 / Stop Loss 410
Target 1 - 420
Target 2 - 425
Target 3 - 430
Swing Target - 450 / Stop Loss 398
Disclaimer: This is my view and for educational purpose only.
MARICO given breakout on hourly time frame & DAILY TIME FRAMEMARICO given breakout on hourly time frame & DAILY TIME FRAME
Breakout in MARICOBoth Daily and in weekly chart breakout .
👉Update of previous MARICO chart attached below .
👉 Breakout confirm now.
Long - MARICO - Inverted Head and ShoulderHi Fellows,
Marico is making a strong Inverted head and shoulder in a Weekly time frame. It has tested 400 level many times in last 12 months.
Above 400 it could be a good run.
I hope you will benefit from this knowledge
-MetaVish
PS: Twitter handler = MetaVish.
Marico - Triangle Breakout ExpectedMarico getting resistance at 380 , Breakout expexted as it was already attempted thrice . A perfect swing breakout trade... Target on chart.
PATTERN SPEAKS ITSELF.ASCENDING TRI ANGLE BREAK OUT.BUY AT CMP.STOP LOSS EXIT IF CLOSE BELOW 365.TARGET 430+++ HAPPY TRADING FRIENDS.
MARICO BUY (INTRADAY AND SWING)A beautiful ascending triangle seen forming in marico.
a successful breakout above 380 would mean a successful pattern breakout as well and the stock is good to buy above 380.
keep intraday target as 390.
Targets for swing trade-
Target 1- 400 would be the 1st target
Target 2 - 430-440(calculated as per ascending triangle general rule)
NOTE: the triangle formation is forming very close below 400(also past resistance). If the triangle breaks with good volume and momentum there are great chances of 400 level also being taken out.
NOTE : the key thing to look out for is a strong close above 380.
Marico (Will it sustain the breakout and continue Upwards ?)Marico has just broken through a triangle on the 6th and is looking to continue its rally. A trade could be picked up on a retest or a break of previous days high which will also mean a breach of the resistance area which it has struggled to breach for a while now. The MACD has also formed a bullish structure supporting the uptrend.
The market as of this week should ideally pick up a short term trend on the back of Joe Biden being elected as president and hence the sentiment/price action shall follow. Some Volatility might be expected on the back of announcements made by the incoming president or any hurdle posed by trump which he is likely to do and there might be a sudden reversal in the trend.
So as for a trader these situations can be very tricky and might cause losses in a very short time. Please be careful and trade with caution.
MARICO Positional set upLong above the trend line break for target 400... It is the strongest resistance so far.. If price breaks lower trend line, it may retest before heading towards 400
