varadtambolkar

Marico Postional long

Long
NSE:MARICO   MARICO LTD
Targets calcculated as per fibonacci levels.
Stop loss based on weekly close basis


This is not a recomendation. Just of edcuational purpose.
Comment: Breakout completed as expected.
testing also done. Indication give by lower wick last week and dipping volumes week on weeks.

If starts moving up on monday, then can buy next partial qunatity. Bring over stop loss to 350 weekly close basis.
Comment: First Target hit today 380 to 423.