Marico: Heading towards Resistance

26 juil. 2020

This is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone.

Hit like comment
Regards

26 juil. 2020

Note

One of my old educational posts :)

27 juil. 2020

Note

Caution !!! Results today.

27 juil. 2020

Note

360 has been a resistance. So assuming that up trend is still intact, there could be two possible setups. Buy if price holds at A with small stop loss. OR let the stock break 360, pullback at B and then buy with a stop below the swing low.

If stock does not hold at A, then there is no buy.

28 juil. 2020

Note

Scenario B is working

31 juil. 2020

Note

370 has become a hurdle. But higher lows are still intact. Not a bad weekly close as well.

5 août 2020

Note

Trend is getting weaker.. stop to breakeven.

11 août 2020

Trade fermée manuellement

at 376.5