Long 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
For today we will look to: Sell below 358.5 T1: 351 SL: 360.5 RR: 1:3.5
Short 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.
hourly 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 MARICO CMP: 351.90 TARGET: 390 SL: below 345
Short 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.
Short 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.
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 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...
Marico short (Only confirmation entry) Caution: It is in up trend
Marico has made double top on weekly chart from Aug 2018 to Dec 2018. IT has corrected from 387 (27th Aug) to 282 on (8th October) and again reach 396 (17th Dec 2018) and then corrected to 330 from 390 and then move up. Now, it has made similar price pattern. Made double top on weekly chart from Jan 20 to June 1 and in between corrected from 344 (20 jan 20) to...
Marico made wolfe wave on 1 hour TF. See chart for target...
THE STOCK ON DAILY CHART IS COMING BACK TO RETESTS THE PREVIOUS LEVELS OF CHANNEL , OVERALL STOCKS SEEMS TO BE IN DOWNTREND , AS WE CAN SEE IN CHART PRICE HAS BROKEN THE TREND LINE , NOW THERE IS SUPPORT AT 325 IF IT BREAKS WE CAN SEE THE STOCK TESTING THE LEVELS OF 320 WHICH IS ALSO THE PREVIOUS POC , OVERALL NIFTY FMCG SEEMS TO BE GOING DOWN FROM RESISTANCE ,...
Observe the inverse Head & Holder - a continuation pattern.
Follow us on telegram for live updates t.me/tradeking9_11 Wait For levels Trade in High Volumes and Liquidity. If it sustain above 326 then buy with target of 330 If it sustain below 317 then sell with target of 313