(Marico) Offers good R:R In Short Trade

Marico
1. Closed below 21 EMA
2. Immediate resistance is 550-555
3. LL-LH formation got established
3. Momentum indicators turned negative
4. TGT can be Fib retracement levels (Labeled on the chart)
5. Might retest 50 EMA and 100 EMA that gets confluence with Fib retracements.