MARICO LTDUpdated MARICO - Rectangular pattern formation on Marico
There is a rectangular pattern formed in 15 min timeframes where the price has taken resistance multiple times near 191.00 level and support near 182.00 levels.
This can be potential trade in both ways:
We can go long if price breaks out 191 level
go short if price breaks down 182 level.
Happy Trading:)
This can be potential trade in both ways:
We can go long if price breaks out 191 level
go short if price breaks down 182 level.
Happy Trading:)
Trade active
Trade activated in 5 min candle arround ~581.35 level
BKS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.