WESTLIFE - Breakout after 1 year (McDonald's India)WESTLIFE - Breakout is seen after 1 year in the daily timeframe. The stocks has been in a good uptrend and shows good signs of growth both technically and fundamentally.
Do you like McDonald's? Well - This company manages all the McDonald's stores in West and South India.
These are my personal views, please do your OWN research before making a buy/sell decision.
Mcdonalds
MCD Expecting a big short on mcdI believe that the ending diagonal for wave (5) of wave ((5)) of super wave III (these higher degree wave counts are based on my htf count that i'll post later since i can not post multiple charts for a single symbol) is now complete and im expecting a big short on mcd from here based on my htf count. It can go way deeper.
NFA!!
Expected Spike fall on MCDOWELL if everything is ok.
The extension seems in timeCycle at (d) excess.
If (d) is excess, but not breakout, for the seller risk and reward ratio is much higher for the short side.
At 563 nearby, the attraction of seller can for the target at control price 555-552 and also 547.5.
While the short selling volume should no be higher than prior high and expected spike fall .
Keep Rs.1 of the stop to loss with prior high price only.