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ReviveTraders
28 déc. 2020 07:44

Marico | Resistance Breakout & Retest The same level 🎯 Long

MARICO LTDNSE

Description

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â­•Positional Trading opportunity ! Weekly Chart Alert !!!â­•

--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000â‚ą per lot (24 % )
--Expected Holding = 2-3 months only
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â­•Technical Reasons to trade or Strategy applied :- â­•

1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement


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Commentaire

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Trade fermée manuellement

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Marico is not going good ....EXIT in little profit or HOLD with strict SL = 392 ( modified )
Commentaires
Debmitra
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nice buddy, it looks a bit like an inverted head and shoulder as well
ReviveTraders
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@Debmitra, yes....thank you 🎯
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