AdityaSubramanyam

Ascending channel and Rising Wedge

NSE:MARICO   MARICO LTD
Its going in a Ascending channel and rising wedge on daily charts .
Ascending channel is bullish but its at the top of the channel there will be a probable trend reversal in short term.
Rising Wedge is bearish .
It went up close to 10% in a week. It probably went up cause of NIFTY FMCG and expectation of good results. NIFTY FMCG went up because of GST , ITC and NIFTY .

It has results on 2nd of august. We should enter after the results depending on the price level.
I repeat dont enter before 2nd of august
Trade active: breakout. Follow levels mentioned on chart
Trade closed: stop reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out