Marico Analysis !! Broke Out.

πŸ“ˆ Marico πŸ“‰

Marico broke out from a resistance zone 515-520 on closing basis after testing three times.

On Buy Side I am looking for Targets of 550 followed by 580-590 Zone.

StopLoss should be kept in 505-510 zone.
It offers 1:2 Risk To Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached:

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