BharatJhunjhunwala

The stock has reached the last stand for buyers

NSE:MARICO   MARICO LTD
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.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

Comments

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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