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