MARICO
Why should we swing trade in MARICO!
1. Fibonacci Retracement @38.2%
2. Continuously ruling in the up trending channel after breakout
3. On 1 hour time frame having 50 EMA support
4. On 15 minutes time frame having 200 & 50 EMA support
We can definitely go long and take almost 6.37% in coming 03-04 days. Hold above levels if momentum is too big.
Buy :: 563
TGT :: 581-- 598 & so on!
SL :: 550
Risk Reward Ratio :: 1 : 3
Happy Trading! :D