The weekly price is at a strong support now. Momentum of bears seems to be losing.
In the Daily, we see a Bullish Divergence with the RSI on 13 Dec and 16 Dec. In the 75 min, TL is broken, but not with conviction.
But, since RSI is oversold everywhere, I would love to go long with...
Date: 06 July 2019
Marico (CMP: 378.80) has the quarterly result on 01 Aug 2019.
Ascending Triangle pattern formation taking place in Marico.
The next candle has to close above 380 and sustain.
Target: T1-390; T2-400
Stop Loss: 368