Marico - SHORT or LONG -> depends on support line action
Updated
5, Apr 2020 : It all depends upon how the chart reacts with the support line. Once it goes below the support line there is a good opportunity for shorting. If it bounces back then it is a clear indication to go for Long. The MACD indicator can be used along with this idea to confirm the price action.
This is the setup for Monday. I will keep you guys posted on this.
This is the setup for Monday. I will keep you guys posted on this.
Trade closed: target reached
Enter at 268.5 Target : 280
Exit at 280.35
Booked good profit!
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