Mcdowells is a good bet beyond 700 for long term. It will break out of falling trend line resistance and will attempt to regain its glory once it is beyond 700.. Keep an eye for a big move. . Also up-coming festive seasons and unlocking will see a further increase in sales and volumes and help it cross that level.
Mcdowell
Mcdowell facing resistance near mid term supply zone near 685Mcdowell facing resistance near mid term supply zone of 680 to 685 levels
RSI also cooling off from above 80 levels
Immediate support at Fibonacci retracement level of 615 to 621 level
Keep SL of 685 on daily closing basis
Do your own analysis before trading
#33 (GENIE IDEAS) UBL SWING POSITIONALTRIANGLE BREAKOUTS. MULTI TIME FRAME ANALYSIS I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. bye
McDowell Holdings Ltd might be a good for positional investmentsThere 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 your advisors or at your own risk.
#Oct16 - UBL (intraday+swing) - Major ResistanceWe could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.
Buy above 980
Sell below 960
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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