Marico: Heading towards Resistance

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

Hit like comment
Regards

Bình luận:

One of my old educational posts :)

Bình luận:

Caution !!! Results today.

Bình luận:

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.

Bình luận:

Scenario B is working

Bình luận:

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

Bình luận:

Trend is getting weaker.. stop to breakeven.

Giao dịch được đóng thủ công:

at 376.5