Marico today tested the resistance at the 350 with a high price of 350 but closed at a loss of 1.5 even after a gap up opening. Given the current comparisons that the stock is facing with the market capitalization of Ruchi Soya, speculation in the market might have been possible. The total movement of only 4.5 which is a mere 0.012% of the opening price and a...
Levels are mentioned on chart for Swing trading.
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Early entry: 340
SL: 325
Target: 370
RR: 2.0
Thank you. Happy Trading!!!
Best...
Marico is showing head and shoulder bottom. A very good signal to buy above the nearest resistance.
Buy above 331 and target 8%.
Stoploss at- 320
I will appreciate if you will let me know your thoughts in comments below
Marrico
CMP 290
Observation
- 285-268 is crucial zone
- if the zone is held, a possible Head & Shoulder in the making with confirmation of pattern above 315 neckline that may occur in mid-May
Based on the view one may consider
Strategy 1
Safe Buy above 315 for target of 333 / 340 / 345
Strategy 2
Aggressive traders may consider Buying on dips in the...
Expecting big upmove from CMP on Breakout from the current range.
Volume declining
On Daily time frame its forming H&S Pattern
Can enter with 15min candle breakupside...
