ankit3000
Short

Mcdowell- Moving to fill the gap

NSE:MCDOWELL_N   UNITED SPIRITS
Mcdowell is looking to fill the gap as indicated on chart.
After Making a top on 2500, it retraced back sharply and moving around 38.2% Fib Level
One can go short in stock around 2275 With a Stop loss of latest swing high 2325
with a target of 2125
Comment: Keep strict Stop loss of 2325 on closing base and hold
Comment: Started to slide, Keep stop loss in force and hold
Trade closed: stop reached
Stop loss broken, so the long is advisable?
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ankit3000 adlabsin
@adlabsin, Stop Loss is on closing base for positional trades
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Cant it be termed as flag also and triangle falling wedge.
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ankit3000 rkher2050
@rkher2050, Big green bar size is too small to be considered as a flag pole. Still aggressive traders will consider it as a flag.
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rkher2050 ankit3000
@ankit3000, ok... i respect your views... will follow.. Lets see.
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