MARICO bullish; above 610 ? - Thursday 23-May.

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MARICO LTD (NSE:MARICO)

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NSE:MARICO MARICO LTD

The above information does not constitute investment/trading recommendation and it is purely for educational purpose....

INTRADAY Trading Strategy in 3 stages of breakouts:

1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade, to book high profits in the final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders book profits at this stage

SWING Trading Strategy:

Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)

The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....