Marathon Nextgen

٢٠ يوليو ٢٠٢٢

MARATHON
Bullish for Short-Medium term
CMP= 217
RSi =76 (hence may show some correction)
Round Bottom pattern under build up on Weekly chart
TGT 1=252 but may go to 300 and above level in the upcoming month
Stop loss can be near 170 level

Huge delivery volumes are forming on on Bullish candle

Fundamentally:- Not so good ROCE and Debt/equity. Good promoter holding.