Inverted H&S in Marico!

Marico is once again knocking at it's all important resistance which is at 378.5 with an inverted head and shoulders pattern this time. If you trace back a little in Marico, you can see that the stock has been trying to break the 378.5 barrier since a long long time. If it manages to break the barrier this time with it's inverted H&S pattern and sustains above it the stock can cross 400 in the coming days.
Chart PatternsHead and ShouldersTrend Analysis

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