Falling Wedge Breakout - Upside PotentialMarico is one of the big names in FMCG sector. Last week ended on a very bullish note for FMCG in general with HUL, Nestle, Brittania all being Nifty Top Performers.
Marico seems to have confirmed a clean breakout above a falling wedge with good volume. RSI, MACD and SCHT Indicators seem Bullish as well.
Stop Loss is kept at the bottom of our last day candle to avoid much downside.
Target and Stop Loss mentioned on the charts as well. If you find it helpful, do drop a like and lemme know what you think about it in the comments below.
Good luck Trading!
