McDowell : Positional
Analysis TF : daily chart
Trade TF : hourly / 2 hourly
Stock is ready to move after setting a strong base around 490~500.
Reversal signs spotted technically, plus coming winter season will be another trigger for the buy, McDowell being a liquor stock.
After breaking out on daily TF trendline, it might show good levels. We can buy on dips till then, and can add more quantities on breakout / pullback on daily.
Trade TF : hourly / 2 hourly
Stock is ready to move after setting a strong base around 490~500.
Reversal signs spotted technically, plus coming winter season will be another trigger for the buy, McDowell being a liquor stock.
After breaking out on daily TF trendline, it might show good levels. We can buy on dips till then, and can add more quantities on breakout / pullback on daily.
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