TradeWithChannels

McDowell N (United Spirits NSE) 1D

NSE:MCDOWELL_N   UNITED SPIRITS
Wait and watch as hourly timeframe has been bearish (can't upload image)
Also. the prices have just touched the resistance should be expected to mobe towards the support. (currently at midline)
Wait for lower channel line to enter

Comment: Trading Range: 572 to 590. Stay away
Comment: FALLING TOWARDS THE TRENDLINE!
Comment: Watchlist. Wait for a bullish reversal bar
Comment: Nice to have kept waiting. Sometimes no trade is the best trade
Comment: Prices broke down the support. Have posted a new chart today. Check the same