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BharatJhunjhunwala

The stock has reached the last stand for buyers

MARICO LTD (NSE:MARICO)  
BharatJhunjhunwala  
NSE:MARICO   MARICO LTD
Trend Analysis Chart Patterns Technical Indicators MARICO NIFTY bharatjhunjhunwala prorsi speakingtechnically oversold
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trendanalysis chartpattern indicator marico nifty bharatjhunjhunwala prorsi speakingtechnically oversold
The stock has reached the last stand for buyers, any close below 290 and sustenance below it will push the stock into bear grip. The RSI is oversold and it can remain in oversold condition in bearish condition for extended period. Any pullback may provide shorting opportunity if weakness persists.

Comments

harsh1par
Totally agree with you @BharatJhunjhunwala . I am playing a bet here as data suggests Feb closing above 305. I am long at 294 in cash. SL below 290 closing as you suggested.
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