Marico: Heading towards Resistance

٢٦ يوليو ٢٠٢٠

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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٢٦ يوليو ٢٠٢٠

ملاحظة

One of my old educational posts :)

٢٧ يوليو ٢٠٢٠

ملاحظة

Caution !!! Results today.

٢٧ يوليو ٢٠٢٠

ملاحظة

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.

٢٨ يوليو ٢٠٢٠

ملاحظة

Scenario B is working

٣١ يوليو ٢٠٢٠

ملاحظة

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

٥ أغسطس ٢٠٢٠

ملاحظة

Trend is getting weaker.. stop to breakeven.

١١ أغسطس ٢٠٢٠

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at 376.5