HarshShivlani
Long

Marico Flag Breakout

NSE:MARICO   MARICO LTD
The stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. ( doji indicates indecisiveness).
As MENTIONED look today's Candle.
So far my knowledge
Best BUY @ 314 - @ 311.7
more @ 307 - @ 309
TGT for Swing Trade: @ 331, @ 337, @ 343+
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Please Compare With 14-03-2017 to 17-03-2017 candles. what happens after that (i.e. From 20-03-2017 to 22-03-2017).
Though I am Bullish, But not at this level.
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@DSKF16, agreed. As I mentioned it was a doji so could'nt be sure on the next candle. I did mention it may a dip a little to test previous breakout levels. Also how did you determine the first two targets you've mentioned?
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DSKF16 HarshShivlani
@HarshShivlani, Using Combination of Fib. Principle, Volatility & SD principle.
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