ajeetsingh
Short

Marico is range bound for sometime

NSE:MARICO   MARICO LTD
72 views
3
315 is a decisive level for marico
so its good to short this scrip as it
approaches near 315 with small
SL of around 316-317 for trgt of 303-301
Broader trend is down only
A stay above 315 will blast it upto 335
In case you want to contra trade then
can buy small qty at 303-304
with SL 299.90 for 314.50
Trade closed: stop reached: Bought at 304 and booked loss at 300.90

Comments

Is it likely to cross 315 by Feb end?
Reply
ajeetsingh smsarkhot
@smsarkhot, Cant say but i am still bearish in it
Reply
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