MARICO LTD :
STRONG BREAKOUT ON MONTHLY CHART AND IF SUSTAIN ON MONTHLY CLOSING WOULD BE A STRONG BUY SIGNAL FOR LONG TERM TRADING OPPORTUNITY ( INVESTMNET IDEA). SINCE WEEKLY CHART BREAKOUT IS HAPPENED AND SUSTAINED, SO A BUY MAY BE INITIATED FOR LONG TERM TRADING/INVESTING OPPORTUNITY ON MONTHLY CHARTS.
TRADER MUST FOLLOW RULES OF RISK MANAGEMENT i.e. STOP...
ITC TECHNICALS ARE STRONG ON DAILY TIME FRAME. SUPERTREND SIGNAL ADDS CONVICTION AT 198-202 PRICE RANGE i.e. A SUSTAINABLE CLOSING ABOVE 200EMA PRICE BAND WITH GOOD VOLUME.
ITC RALLIED GOOD FROM 198-202 AND STILL TECHNICALS ARE LOOKING GOOD ON DAILY TIME FRAME CHART WITH STRONG VOLUMES. THUS INDICATES HOLD + FRESH BUY WITH A STOP LOSS OF SUPERTREND LINE ON EOD...
