The channel patter is at support and seeking for going up the upper resistance at 350.
Buy btw 299-308 level and hold for short term target of 340, once any of the weekly candle closes above 340 you can expect medium term target of 440... you can hit thumps up button if you like this post and you want any future update and learning just click on follow button..
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 SL around 326. Whether the trend reverses or not, we can expect some gains here.
Date: 06 July 2019 Marico (CMP: 378.80) has the quarterly result on 01 Aug 2019. Buy Call. 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
BUY for UPSIDE Target 1-389, Target 2 -400 and in DOWNSIDE Averaging Price 362 & STOP LOSS 350
Enter Above 306 in MARICO T - 316, 326 & 335 Sl- 289 *Recommenced for Positional trade