Entry : 249-250
Target: 275/283
SL : 240.5 (closing basis)
Notes:
Stage 2 stock
Formed 9 week base
Breakout form base with good volumes
Retest with lower volumes
Completing round bottom on monthly chart
NSE:MARATHON
Bullish for Short-Medium term
CMP= 217
RSi =76 (hence may show some correction)
Round Bottom pattern under build up on Weekly chart
TGT 1=252 but may go to 300 and above level in the upcoming month
Stop loss can be near 170 level
Huge delivery volumes are forming on on Bullish candle
Fundamentally:- Not so good ROCE and Debt/equity. Good...
