Marico: Heading towards Resistance

Jul 26, 2020

This is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone.

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Regards

Jul 26, 2020

Note

One of my old educational posts :)

Jul 27, 2020

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Caution !!! Results today.

Jul 27, 2020

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360 has been a resistance. So assuming that up trend is still intact, there could be two possible setups. Buy if price holds at A with small stop loss. OR let the stock break 360, pullback at B and then buy with a stop below the swing low.

If stock does not hold at A, then there is no buy.

Jul 28, 2020

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Scenario B is working

Jul 31, 2020

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370 has become a hurdle. But higher lows are still intact. Not a bad weekly close as well.

Aug 5, 2020

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Trend is getting weaker.. stop to breakeven.

Aug 11, 2020

Trade closed manually

at 376.5