The daily chart of Marico does indicate a bearish breakdown, but it would be wise to wait for a confirmation candle.
The candles have breached the manual bullish trend and has broken the support of 200 EMA but as mentioned above, it is advisable to wait for the confirmation candle.
My strategy would be to sell on rise but again, there is no proper stop loss (resistance) available but aggressive traders can go for it.
The candles have breached the manual bullish trend and has broken the support of 200 EMA but as mentioned above, it is advisable to wait for the confirmation candle.
My strategy would be to sell on rise but again, there is no proper stop loss (resistance) available but aggressive traders can go for it.