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Marico: Heading towards Resistance

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

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Nota

One of my old educational posts :)

Nota

Caution !!! Results today.

Nota

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.

Nota

Scenario B is working

Nota

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

Nota

Trend is getting weaker.. stop to breakeven.

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at 376.5

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JJ Singh
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