Buy Low, Sell High

Marico would most likely make a move down first towards the most recent lows and then it could proceed to make a higher high. There is no sell setup yet, so caution advised if selling. If there is a sell setup that forms over the next few hours, then maybe sell could be looked at. The bias is to the upside so I would wait for the down move to buy and look to exit at a level higher, indicated on the chart. Classic Buy low - Sell high with a decent risk/ reward. Patience is the key here.