VULTURE: riCk Free Analysis.This is the golden gain time for short term . fastest moment on any cost as per analysed data. This is my own analysis.
Disclaimer:
This is for. study purpose only.
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,...
Marico Ltd. Is manufactures and markets products under the brands such as Parachute, Parachute Advansed, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, etc. Marico’s products reach its consumers through retail outlets serviced by Marico’s distribution network comprising regional offices, carrying & forwarding agents, redistribution...
Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.
Below are all the product categories...
Stock taken support at this level multiple times.
Follow proper Risk Management.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
Hello everyone. We are looking at Marico We have provided four charts with 5 15 75 and 125 minutes
Marico is on our list for quite a long time. We have as a 10 few levels for Marico One can go long with sl of 523 level.
Are you looking for a Breakout Stock? It's right here.
What's your view on this? Please share.
Hope this post adds valuable insights to your trading/investment journey.
Don't forget to share with your friends. (Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.)
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As the chart already depicts, Marico is now expected to have started the wave iii of 3 with the breakout from the falling wedge pattern.
One thing some way wonder is, what is with all those projections?
Well, to reach from CMP(530) till 660, it will take several moves for price to do it, as it does not shoot up at once...these several moves will form the various...
NSE:MARICO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss,...
Check if black trendline at top breaked then it become bullish. At top side sellers stoploss become shorter and shorter then in a single candle buyers get everything with us and boom. Supporting blue horizontal lines shows this is simple every stocks climbs on stairs. But never break 💔 previous low cause it will become next resistance. Always check with your analysis.
There is a rectangular pattern formed in 15 min timeframes where the price has taken resistance multiple times near 191.00 level and support near 182.00 levels.
This can be potential trade in both ways:
We can go long if price breaks out 191 level
go short if price breaks down 182 level.
Happy Trading:)
Marico-Nice Breakout
Capital to be deployed- 20k
Investing Price -565-572
Breakout Price -564
Stoploss -537
Targets -620-821
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#marico #StocksInFocus #StocksToBuy #stockstowatch #StocksInNews #SwingTrading #BREAKOUTSTOCKS
![MARICO: [Positional] Marico Buy Idea](https://s3.tradingview.com/c/CZyEX9cr_mid.png "[Positional] Marico Buy Idea")
