MARCO Stock Analysis 📊
Higher timeframe shows a clear uptrend structure (HH & HL), indicating strong bullish momentum. Price has now retraced into a key demand zone / value area, aligning with Fibonacci support.
On lower timeframe, we can observe:
Strong reaction from support zone
Buyers stepping in
Potential continuation move forming
📌 Trade Plan:
Entry: 751 Rs
Stop Loss: 722 Rs
Targets 1 : 788.20 Rs
Target 2 : 810 Rs
⚠️ This setup follows trend continuation logic, so probability favors upside as long as structure holds.
Higher timeframe shows a clear uptrend structure (HH & HL), indicating strong bullish momentum. Price has now retraced into a key demand zone / value area, aligning with Fibonacci support.
On lower timeframe, we can observe:
Strong reaction from support zone
Buyers stepping in
Potential continuation move forming
📌 Trade Plan:
Entry: 751 Rs
Stop Loss: 722 Rs
Targets 1 : 788.20 Rs
Target 2 : 810 Rs
⚠️ This setup follows trend continuation logic, so probability favors upside as long as structure holds.
Trade closed: target reached
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.
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.