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praveen.bhatiya

MCDOWELL_N MPL long trade possible for a good target

Long
UNITED SPIRITS (NSE:MCDOWELL_N)  
praveen.bhatiya Updated   
NSE:MCDOWELL_N   UNITED SPIRITS
MCDOWELL_N LONG buy NIFTY MPL multipivotline Parallel Channel actionreaction
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mcdowell_n long buy nifty mpl multipivotline parallelchannel actionreaction
The stock has formed a bottom and recovering from there. It may test the MPL from above and bounce from there till upper channel. Good trading opportunity may emerge soon so please have a watch on it. Good Luck
Trade active:
Entered into the trade today @ 2395 with stop loss of 2369 closing basis. I would look for a target around 2500 which offers good risk to reward. Let's see how it moves.
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