MARICO LTD CMP 309.85
SHORT TERM
The share is traded at new high. It is traded above 50,100 and 200 dma's. It is under accumulation and is outperforming the nifty.
directional indicators are in buy zone. most of the momentum of volume indicators are also indicating the uptrend.
CONCLUSION: I PREFER TO BUY ABOVE 32O AFTER KEEPING INITIAL STOPLOSS AT RS. 274 AND BOOK PROFITS OR EXIT WHEN THE STOCK GOES BELOW FOUR DAYS LOW.
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