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CautiousChartist

MARICO - Looks good

Long
MARICO LTD (NSE:MARICO)  
CautiousChartist  
NSE:MARICO   MARICO LTD
Trend Analysis Chart Patterns Technical Indicators invertedheadandshoulders priceactionanalysis MARICO lowriskhighrewardplay
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trendanalysis chartpattern indicator invertedheadandshoulders priceactionanalysis marico lowriskhighrewardplay
The formation here is an inverted Head and Shoulder.

Consolidation near the shoulders on both ends.

The chart is self explanatory.
Comment: With Nifty showing strength there is very less probability that the stock may slip into the channel.
So above 360 looks very good.
Comment: Beautiful mirror image formation.

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