Marico | Resistance Breakout & Retest The same level 🎯
⭕Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Comment:
Trade closed manually:
Marico is not going good ....EXIT in little profit or HOLD with strict SL = 392 ( modified )
