McDowell (United Spirits) Long Candidate
Updated
Details as in Chart.
Preferred Reasons to Hold and Accumulate the Stock:
1. Took Support at 40 RSI Levels few days back, Little correction could be on cards but still a Buy.
2. Stronger than Nifty.
3. Above 200 EMA for a long term long.
4. 550 around is a strong Demand Zone and out stop loss should be around 540.
Preferred Reasons to Hold and Accumulate the Stock:
1. Took Support at 40 RSI Levels few days back, Little correction could be on cards but still a Buy.
2. Stronger than Nifty.
3. Above 200 EMA for a long term long.
4. 550 around is a strong Demand Zone and out stop loss should be around 540.
Note
Nice Rally Seen upto 600.Folks can keep trailing stop loss as per their risk appetite.
Trade closed: target reached
Target already achieved. Profits will be booked with trailing Stop Loss.
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