MARICO LTDPanjang
MARICO BUY (INTRADAY AND SWING)
A beautiful ascending triangle seen forming in marico.
a successful breakout above 380 would mean a successful pattern breakout as well and the stock is good to buy above 380.
keep intraday target as 390.
Targets for swing trade-
Target 1- 400 would be the 1st target
Target 2 - 430-440(calculated as per ascending triangle general rule)
NOTE: the triangle formation is forming very close below 400(also past resistance). If the triangle breaks with good volume and momentum there are great chances of 400 level also being taken out.
NOTE : the key thing to look out for is a strong close above 380.
a successful breakout above 380 would mean a successful pattern breakout as well and the stock is good to buy above 380.
keep intraday target as 390.
Targets for swing trade-
Target 1- 400 would be the 1st target
Target 2 - 430-440(calculated as per ascending triangle general rule)
NOTE: the triangle formation is forming very close below 400(also past resistance). If the triangle breaks with good volume and momentum there are great chances of 400 level also being taken out.
NOTE : the key thing to look out for is a strong close above 380.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.