MCDHOLDING is respecting parallel channel since 2007 and right now it is near monthly resistance zone and later it has minor resistance zone.
pls keep broader mkt condition into consideration
There is a rounding bottom pattern which is clearly visible in the weekly chart of MCDHOLDING, and it is about to be broken.
Positional or short term swing traders can engage. If breached above 57.30, a stop loss below the levels which have been respected since 2008 would do the trick.
PS: I am not a SEBI registered advisor. Invest only after consulting with...
