Marico has made double top on weekly chart from Aug 2018 to Dec 2018. IT has corrected from 387 (27th Aug) to 282 on (8th October) and again reach 396 (17th Dec 2018) and then corrected to 330 from 390 and then move up.
Now, it has made similar price pattern. Made double top on weekly chart from Jan 20 to June 1 and in between corrected from 344 (20 jan 20) to 234 (23 March 20) and again reach to 352 range and current quoting at 330...based on previous pattern, it seems stock should correct up to 292 around...
Now, it has made similar price pattern. Made double top on weekly chart from Jan 20 to June 1 and in between corrected from 344 (20 jan 20) to 234 (23 March 20) and again reach to 352 range and current quoting at 330...based on previous pattern, it seems stock should correct up to 292 around...