AbhishekHSinghCMT
Short

McDowell- Drunken Head & Shoulder Master on 1st Floor

NSE:MCDOWELL_N   UNITED SPIRITS
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Someone has rightly said -if you are drunk & driving it is scary- so how scary can it be if you are drunken & sitting on the open second floor(no walls)- everyone knows you will fall which it did from 2600 & now first floor.

I warned master is drunken at 2600 -Amazing

Key levels once breached below 1688 that will be a bad sign for bulls.

Previous Analysis- Kissing 2600 exactly on the edge- click the charts & load the bar
Trade active: 09:02 Hrs 29th Dec2016

Previous Analysis- Kissing 2600 on the edge

Trade active: 17:20 Hrs 23rd Jan2017

Last price@2211

Drunken Master close to reach second floor- Wow!
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Can we short McDowell in futures as of now
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AbhishekHSinghCMT srinivaskalluri
@srinivaskalluri, I will have to rework as I was planning to take any sell below 1770 only fresh or on some bounce.
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Sir your advice is very much correct , but may not fall form 2600 as predicated it may take another small swing up , I have been tracking this stock with change in volume delivery , its reached 57 % of its total capacity by end of 23 Jan 2017 trading , now who will enter will have to be careful
Lets watch and see what happens
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@shiv2798, Hello Shive it falls from 2nd floor - Drinking too much is a big problem. hahaha
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shiv2798 AbhishekHSinghCMT
@AbhishekHSinghCMT, yes sir drinking is bad , and also your extensive vision was truly amazing
Thanks sir
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Dear Abhishek, thanks for sharing.....should one buy for a bounce to around 2200 as shown in your chart? thanks again!
Reply
@sanjivt, Let market settle down for Year End & likely bounce could be seen along with indices, but going forward -any day if this falls below 1680-1650 zone- it could fall deep down.
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hi sir very good afternoon .you are awesome in terms of the way to describe stocks,index(some time amar akbar anthoney,gulab jamun,drunken master.)........................ha ha ha ha maza aajata hai apki post padh kar .............................
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Hi,Can I short it in options.Thanks
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@justDSingh, You need to consult someone who is good in options- I am extremely bad because of their time component.
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