Based on my PredictiveSystem's signals, today (18-Apr) its going to be a RED candle for NSE:MARICO
Sell below: 319.1
Stop loss: 321.7
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research...
Marico in symmetrical triangle pattern but now stock at upper range that is resistance for stock and now stock can move downside for next 3-5% in some days but there is resistance level matter if stock able to break level than you can see big jump in Marico because that consolidating for a long time for move but still not able to pick up buildup.
The stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :)
What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it.
Oh wait ! I have a personal interest &...