This stock is likely to test the demand zones.
now price is near to neckline, this is the key level, once breaks a quick retest to the support is observed.
multiple rejections on topside is observed in this stock at right shoulder....
keep looking for buyside...if it reaches to the support levels.
price is likely to be between these neckline and support levels,...
As per my analysis, if NSE:MARICO upcoming any 45min closed above level of 483.00. We can see huge short covering and fresh buy entry. Buy level would be 485-490 with stop loss of 465 (20-25 points risk). My expected upside target will be 501, 520 & 540. It may take 1-2 weeks to get targets.
Note: This is my personal analysis, only to learn stock market...
NSE:MARICO has been closed above resistance of 502. My idea is to take entry at 502 with stop loss of 495 (-7 Points). My up side target will be 522 (+20 Points).
Note: This is my personal analysis, only for learning. Thanks.
Marico has shown a breakout of the range after quite some time, if this momemtum continous then we could see Marico reaching 550 levels again.
I would go long if it crosses 535 levels, with a stop of 3-4 and target around 550.
Stock did a good breakout from 4 months range.
Breakout type: Decisive
Breakout Volume: Huge
Now sustaining the above-the-range, stock can move towards 460 and 480 levels.
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.
#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...
