Marico CMP - 474.25 *High Probability* Looking bullish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets. *Buy* at or Above 481 / Stop Loss 472.5 Target 1 - 484 Target 2 - 487 Target 3 - 490 / 495 Disclaimer: This is my view and for educational purpose only.
Dear trader, If u look at the chart of MARCO (analysis based intraday only) the MARCO Buy at 475 and Target at 484 Best Buy at 469. Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade. Best Buy level might be executed or might not be executed. The chart clearly indicates Bullish Trend you can also...
Marico, 400 is good support and could range up till 430, 450 with 390 SL Entry 400-405 SL 390 TGT 430+ TF: 1 Month
marico can be bought at the cmp it can be bought for long term and also for swing trade.
Currently MARICO stand on major support 390 if this support break than we confirmed as a downtrend.
Any time it can brek, so keep eye on that, add watchlist too.
Marico looking like gives a breakout. consolidating from last 2 days. look for Trendline breakout only above 425.
We 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.
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.