MARICO - Looks good
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The formation here is an inverted Head and Shoulder.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
Note
With Nifty showing strength there is very less probability that the stock may slip into the channel.So above 360 looks very good.
Note
Beautiful mirror image formation.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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