An inverse head and shoulders pattern in MARICO

MARICO has formed an inverse head and shoulders pattern and is now attempting to breakout to a new zone.

Trade Closed- All Targets Achieved

Stock to buyMARICO

Buy above- 317

Targets- 340 – 350++

Stoploss- 300


Technical analysis

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)373.21Bullish
Simple Moving Average (5)373.23Bullish
Exponential Moving Average (10)370.92Bullish
Simple Moving Average (10)370.65Bullish
Exponential Moving Average (20)366.69Bullish
Simple Moving Average (20)367.13Bullish
Exponential Moving Average (30)362.45Bullish
Simple Moving Average (30)361.62Bullish
Exponential Moving Average (50)354.19Bullish
Simple Moving Average (50)354.05Bullish
Exponential Moving Average (100)341.02Bullish
Simple Moving Average (100)330.09Bullish
Exponential Moving Average (200)336.63Bullish
Simple Moving Average (200)326.41Bullish

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(*Note:- The Watchlist are based on technical analysis. There is a risk of loss.)

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