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MARICO trend reversal occured on 5th Feb2020. Hammer formed with high volume. Actually current trend is bearish. Now Hammer formed on 5th Feb 2020 with high volume.—————————————————————————————–
Stock Ticker – NSE: MARICO – Marico Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 311 Target 336 Stoploss 300
Analyst Rating – :5/5
View Posted on 2020-02-05
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Short body with long wick hammer is bullish reversal, in bearish market trend, with increase in volume is reliable to take the entry for good target. Very nice pattern observed.