Buy Marico | CMP: Rs 667 | Stop Loss: Rs 640 | Target: 720
On the Daily Chart, price broke out of a Descending triangle on July 8 and since then moved up around 6% in the last 6 trading days. The Most recent Candle is a Marubozu candle and is trading at its all time high price at Rs 668 indicating strong upward momentum.
The 14 period RSI indicator has turned up from the…