MARICO - Bounce back from bottom line - Bullish on all chart#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 200EMA
William %R is treading UP
+DI crossed above -DI
New Long position
----------------------------------------------------------
Support : 340 and 331
Breakdown : 344 (OR Gap down opening)
LTP : 348.65
Breakout : 351 (OR GAP UP opening)
Short Target : 355 and 358
----------------------------------------------------------
Positive & Negative Point:
1) Very Bullish in Daily chart.
2) Very Bullish in Weekly chart
3) Very Bullish in Monthly Chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
