United Spirits Positional Idea

May 21, 2020

MCDOWELL_N

United Spirits gave a strong breakout from its triangle pattern, and has given a 7% move.
It is facing resistance at 610/612 levels.
Stock might consolidate around these levels for sometime before making another upmove towards 650.MCDOWELL_N

May 22, 2020

Note

22/05 It has fallen to 589 levels and trade was not initiated as candle hasn't closed above 610.

May 28, 2020

Note

Possibility of pullback from upper trendline. Trade will be initiated if there is Price action confirmation h

May 29, 2020

Trade active

Jun 1, 2020

Note

Exact target of 610 hit. View above 610 still valid once there is a breakout.