Marico
Price are just above weekly trend line and RSI just above it's support and moving towards oversold zone on weekly chart
Prices have broken mid term moving average and daily trend line, making 370 - 380 as supply zone which can be clearly seen in daily chart.
Bullish Shark pattern observed with PRZ btn 330 - 316. Also this zone is area of long term moving...
Option buying trades should not run for a very long time
It should have that momentum move SO that the option price does not melts
I TAKE TRAININGS ON OPTIONS BUYING STRATEGY AND EXCLUSIVE INTRADAY STRATEGY
DO CONTACT ME IF YOU ARE INTRESTED: readingcharts9@gmail.com
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 6 times.
Marico has been consolidating from a nice and long uptrend for more than a year now.
This consolidation pattern appears to be a symmetrical triangle that is now broken.
Its certainly worth timing your entry for a LONG ride!
Happy learning!
-Team Stockshaala
Follow Chart Instruction.
if Wants to take Entry then wait for it.
Can Ask in Comment for Proper Entry when it reaches my level.
Short term trader wait and then took entry.
If HH broken then wait for my Short Entry chart.
if trendline broken then follow chart instruction or ask me.
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