Wedge pattern breakout and another Trendline which was tested multiple times and ready to break,
Monthly and Weekly candles also looks strong with good volumes and if a day candle closes above 890 - 900 level we can anticipate a quick move in Mcdowell (United spirit) till 1000 levels.
-educational purpose only.
NSE:MCDHOLDING
After Bullish Pole & Flag BO
Price moving up in Parallel Channel
CMP of 851 is above medium & Long Term Exponential Moving Averages
Targets : 951 - 1081 - 1161
SL : 744
Consumption Stock
RSI Trending up
USL looks very good and has been consolidating for a very long time. This is the second phase of consolidation after breaking out of its range of many years. Keep it on watchlist and this can be a true multibagger in the coming years.
📈 United Spirits 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above resistance 890-900 .
On Buy Side I am looking for Targets of 945 and 1005.
StopLoss should be kept below 860-870 zone.
It offers 1:1.5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a...
Stock is taking a zig-zag correction. Any bounce should be taken as selling opportunity preferably in the region of 825 with SL of 860 and look for the target of 725/680
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
The analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with...
This is follow-up on United Spirits. Can check link to related ideas.
Target 1 achieved. More than 14%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
MCDOWELL share is near to breakout either it goes down or up.
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We also gave this old Setup around one week and it gives a good profit to the trader.
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Now for tomorrow if MCDOWELL share goes above 834 you can buy this trade.
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If stock goes down below 815 we can sell this trade.
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What's your view on this comment below in the box.
Multi-year breakout seen in this counter. Near festive season and booming sugar sector! direct beneficiary from this is the alcohol sector!
And my pick from this cycle will be united spirits!
Hello Traders,
United spirits again has displayed good momentum, in price and volume both.
I would enter the trade but the entry levels depend on 9 EMA for daily chart.
I would keep an eye on the stock and wait for some consolidation before it takes the next upmove.
Happy Trading!
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
United Spirits making Higher High and Trendline Breakout with good volume
Entry:
1) If it come for Retest we can buy @660 level with confirmation.
2) If price Sustain above above 675 level then we will go long.
Sl: 650
Tgt: 720
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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