afzal_57

Marico Trend Reversal?

Long
NSE:MARICO   MARICO LTD
The weekly price is at a strong support now. Momentum of bears seems to be losing.

In the Daily, we see a Bullish Divergence with the RSI on 13 Dec and 16 Dec. In the 75 min, TL is broken, but not with conviction.

But, since RSI is oversold everywhere, I would love to go long with SL around 326. Whether the trend reverses or not, we can expect some gains here.

Chartered Accountant | Trader | Trainer
| www.afzallokhandwala.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.