MARICO - Looks good
The formation here is an inverted Head and Shoulder.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
Note
With Nifty showing strength there is very less probability that the stock may slip into the channel.So above 360 looks very good.
Note
Beautiful mirror image formation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.