NSE:MARICO   MARICO LTD
Stock after the retracement can bounce back from this support area . Buy around 515-520 With SL Below 513 on a closing basis.
Targets will be 540 and 555 Great Risk to reward ratio for this trade and the FMCG sector can perform from here after a bit of retracement. Breakout from this level is needed RSI-based strategy.

Candle confirmation today buy if closes in green candle today bullish harami pattern is forming on the daily chart . Support and resistance trading


You can visit my ID for similar charts shared priorly and see results.
Comment: No entry today on red candle wait for a green candle for entry.
Trade active: Enter today if sustains above 522 buy price with SL 517
Trade closed: stop reached: SL triggered today on a closing basis...... Will again enter in stock on the breakout. Still bullish on the stock.
Trade active: Buy today at level 517-518.
SL will be very close to 515 on a closing basis.
Trade closed: target reached: Target 540 reached if you have booked profit enjoy if holding the trade till now then trail your SL now at 533 on closing basis.

Comments

What do you recommend now? The share is at 514
Reply
Pro_Trader_GRV RohitDas0619
@RohitDas0619, Rohit wait for closing FMCG as sector performing well all attention to tataconsumer. I suggest if close below 516.50 then exit we can enter again as for on breakout.
Reply