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Long

United Spirits Positional Idea

NSE:MCDOWELL_N   UNITED SPIRITS
NSE: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. NSE:MCDOWELL_N
Comment: 22/05 It has fallen to 589 levels and trade was not initiated as candle hasn't closed above 610.
Comment: Possibility of pullback from upper trendline. Trade will be initiated if there is Price action confirmation h
Trade active
Comment: Exact target of 610 hit. View above 610 still valid once there is a breakout.

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