Get started

MARICO

Marico - approaching long term moving averageMarico 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 average. If price happen to test this zone and long-term moving average this shall be happening after almost 10 yrs, last test for long term moving average was around 2009. Looking at consumption story and company fundamental this could be good time to add if protfolio for decent return in long term. Consultant ur financial advisor before taking any investment decisions
NSE:MARICOLong
by sykhan
Buy Low, Sell HighMarico would most likely make a move down first towards the most recent lows and then it could proceed to make a higher high. There is no sell setup yet, so caution advised if selling. If there is a sell setup that forms over the next few hours, then maybe sell could be looked at. The bias is to the upside so I would wait for the down move to buy and look to exit at a level higher, indicated on the chart. Classic Buy low - Sell high with a decent risk/ reward. Patience is the key here.
NSE:MARICO
by Divergensity