Short Term Cash Buy MARICO @362.40-364.4 SL 353.6 TGT 381(Short term trend remains positive)
#1. Pivot break out 359.60
#2. MACD cross over indicates bullish moment.
#3. Next resistance is 386 so book profit in the range of 280-385.
#4. Above VWAP @361 which further indicates bullish moment to continue.
#5. Ichimoku cloud break out so STAY LONG.
#MARICO is trending under the channel and has strong support on 20EMA and bottom support line. After hitting bottom support stock is start moving upwards and Today 50SMA crossed above 200EMA. ATR is decreasing and stock in narrow range since 4 day.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
50SMA crossed above...