MARICO
ITC TRADE SET UPITC the heavy weight and is underperforming and now after taking support n times at 200/205 base zones and now above 208 resistance , it is trying to give signs of upmove greater than equal to 230++
and as results are done , chances are higher that ove shall suatin and stock shall participate in index upmove or atleast support the index going forward
Marico making Symmetric Triangle Pattern in 30 min TimeframeWe can Trade Marico with good confirmation
Long entry (with good confirmation only) : Cmp
Tgt : 555
Sl : 523
>> Always Enter With good confirmation & Maintain proper Risk Reward.
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MARICONote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
RKEC SIMPLE PRICE ACTION CHART🎯All Studies mentioned in the chart💰
Buy @60-63 range
Strict sl below 55
Reasons for selecting this stock ✔ ✔
✔ Something cooking in the chart.Can see Ascending triangle in the chart.
✔ Infrastructure developing company,mainly involved in marine infrastructure development.
✔ One of the main cmpany which is involved in marine infrastructure activities.
✔ Gradually increasing Y-O-Y profit.
✔ Good consolidation with delivery volume.So, can see a breakout at anytime.
About the company ✔ ✔
RKEC Projects is engaged in the business of Civil Works and specialized in Marine Works, Construction of Roads, Buildings, Bridges& Fly overs, Survey works under Unmanned Aerial Systemsetc.
Thank you🧡
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Chart of the Week: MARICOMarico has been shortlisted on our weekly scan and has been selected has Chart of the Week among several other stocks. Marico has a beautiful structure on weekly charts for long term investing and last week has a breakout with a large weekly candle and a very high weekly volume clearly visible as several times higher than average weekly volume.