Marico: Heading towards Resistance

26 ביולי 2020

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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Regards

26 ביולי 2020

הערה

One of my old educational posts :)

27 ביולי 2020

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Caution !!! Results today.

27 ביולי 2020

הערה

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.

28 ביולי 2020

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Scenario B is working

31 ביולי 2020

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

5 באוג׳ 2020

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Trend is getting weaker.. stop to breakeven.

11 באוג׳ 2020

העסקה בוטלה באופן ידני

at 376.5