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.
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One of my old educational posts :)
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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.
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Scenario B is workingNota
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.Trade chiuso manualmente
at 376.5
JJ Singh
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JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.