MARICO
MARICONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
MARICO REVERSE HEAD AND SHOULDERMARICO REVERSE HEAD AND SHOULDER....
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Marico | Resistance Breakout & Retest The same level 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement
Guys check out the related ideas as well, it will work really well GUARANTEED !
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