AbhishekHSinghCMT

United Spirits- Beauty of Polarity Reversal Zone 2100-2200

Long
AbhishekHSinghCMT Updated   
NSE:MCDOWELL_N   UNITED SPIRITS
9
Polarity Reversal
Concept of Polarity Reversal is very common & should be used by investors. This weekly chart of United Spirits topped in the zone 2100-2200 in year 2007-2008 & acted as supply zone also in year 2011-2012 start- The same zone in Aug -Sep2016 acting as good support where demand is coming for the stock. So, The zone which acts as supply zone turns its role into the demand zone or vice-versa is known as Polarity Reversal Zone.

Since 2009 lows of 426- It has started moving in an impulsive manner & likely completed 4th wave or could be A-leg in 4th wave, but in both the cases we are making a bullish case & shall be looking for a good sizeable rally once 2600 is crossed- which is a key level for me.

Regards,
Abhishek H. Singh, CMT


Trade active: 15:21 Hrs 4th Oct2016

Trading@2548

Vow Mcdowell


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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