Marico - Cup & Handle & Rectangle Pattern

2024년 5월 12일

Marico is making a cup and handle & a rectangle pattern on weekly time frame. Once breakout is done, we can see levels of 760-800. Keep monitoring and once breakout is done, we can see quick moves given FMCG sector is go-to sector now. Other factors:

1. Volumes have increased substantially, pls see weekly volumes
2. RSI is above 60
3. MACD is becoming positive
4. On breakout the price will break Oct'21 price, price breaking out of a long drawn structure has high potential

"Clean Charts, Easy Charts"

Learning & Earning !!!

Cheers!!

2024년 6월 7일

액티브 트레이드

From 609 to 653 today..almostt 10% return and coming more !!! Cheers !!

2024년 7월 26일

액티브 트레이드

688..more than 15% return and more in pipeline!! Cheers!!!