praveen.bhatiya

MCDOWELL_N MPL long trade possible for a good target

Long
NSE:MCDOWELL_N   UNITED SPIRITS
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.