MARICO Buy for 327 334 345 355 365 SL 303
Target -330/350 instagram- @bazaar.times
Closed Bullish Engulfing Trend reversal. Add to watch list for long above 310
Marico Trading Near Long time Support, Wait for Clear breakout Long move after breakout. Bull Don't trade bollow average line. Up Move Possibility high.
MARICO (Marico Limited) BUY ABOVE 344.5
Marico is in good Position for swing trade setup. Explain everything on the chart
broken long support trend line and got stuck under same TL, money flow is in negative divergence, big bearish candle, is it a sign of reversal, support can be seen at 380
buy merico 366-360 sl 355 tgt 379-395-400
We witnessed a false breakout towards the ascending triangle on Marico. And a Double top on the 7th of Jan 2019.The ascending triangle continues to be intact confirming a strong bullish trend with targets of 360 and towards 400 However, if Price breaks below 324 . The Stock would consolidate towards 260. (Recommendation Buy at CMP with targets of 360 and 400 SL at 319)
On the heikinashi charts of Marico on weekly timeframe, we believe it to be trending upwards with a SL at 337 on weekly closing on heikinashi for a target of 375-390 in 2 months time frame...
Marico has just completed an ABC correction. It should resume it's uptrend. Nifty FMCG is also supportive of it.