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TradingWithVerma

Marathon Nextgen

Long
MARATHON NEXTGEN (NSE:MARATHON)  
TradingWithVerma  
NSE:MARATHON   MARATHON NEXTGEN
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns roundingbottom Weekly Charts chartpatterntrading medium-term marathonnextgen
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trendanalysis chartpattern indicator bullish roundingbottom weekly chartpatterntrading medium-term marathonnextgen
MARATHON
Bullish for Short-Medium term
CMP= 217
RSi =76 (hence may show some correction)
Round Bottom pattern under build up on Weekly chart
TGT 1=252 but may go to 300 and above level in the upcoming month
Stop loss can be near 170 level

Huge delivery volumes are forming on on Bullish candle

Fundamentally:- Not so good ROCE and Debt/equity. Good promoter holding.
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