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ReviveTraders
28. Dez. 2020 07:44

Marico | Resistance Breakout & Retest The same level 🎯 Long

MARICO LTDNSE

Beschreibung

Positional Trading opportunity ! Weekly Chart Alert !!!

--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
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Technical Reasons to trade or Strategy applied :-

1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement


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Kommentar

Trade wurde manuell geschlossen

Marico is not going good ....EXIT in little profit or HOLD with strict SL = 392 ( modified )
Kommentare
Debmitra
nice buddy, it looks a bit like an inverted head and shoulder as well
ReviveTraders
@Debmitra, yes....thank you 🎯
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