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Prabakar-View
Jul 12, 2021 9:01 AM

Marico - Steadying for an Upmove Long

MARICO LTDNSE

Description

Marico is Steadying for its Upmove.

Currently price is on Supporting lower trend line in 1 hr time frame.
Should form a base here for further upmove. Slowly it will move up and once the breakout happens price can go in uncharted territory.

traders shall look for short term.

Regards,
Prabakar
Comments
piyush_rai92
After today's profit booking, target is still on? Is not able to cross 538 easily
Prabakar-View
@piyush_rai92,

Hi Piyush. I still believe it should go up.. Profit booking is normal in any stock . Also some shorts must have been created today.. this augurs well for further upmove. Once it crosses again 535-537 sould go above 540. Might not happen tomorrow.. But i m confident of price reaching 540+ in July series.. let's see. Market is supreme. I have right to be wrong. But we should stick with our conviction.
Prabakar-View
@piyush_rai92, Hi Piyush.. as I said. Marico crossed 540 and almost touched 550. But it couldnt sustain from there..

Still Target1 was achieved. Happy Swing Trading..
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