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MCDOWELL_N

Awaiting BreakoutHii all.. Greetings... Today i'm sharing with you Daily Chart of McDowell - United Spirits. Chart has formed a very good rounding Bottom Pattern. the Pattern has already given a breakout at 940, but stuck in a price range of 984 to 1017 as soon as Resistance of 1017 is broken we are going to see a big move on the upside with approx. TGT of 1146 levels. Thanking You Nikhil Choudhary Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:UNITDSPRLong
by NikhilChoudhary2023
mcdowell_N - united spirits case studyTaken into consideration 946.25 as resistance and top zone taken into consideration 739.25 as support or bottom zone from low on 17th June 2022 to high on 9th December 2022 is 100% approx. Green arrow indication on chart. and from high on 9th December 2022 to low on 27th Jan 2023 is 100% approx. Red arrow indication on chart. //basis of above facts downfall looks less as per the candle pattern recently and targets are set accordingly.// Disclaimer: note that this recommendation is for only education purpose and not for any kind of trade suggestions.
NSE:UNITDSPR
by hardeepssethi
3
MCDOWELL_N Analysis- in verge of notable Down move ??!!!Chart patterns look prudent for the above titled opinion REASONS 1. MCDOWELL_N has been trading inside a Ascending channel pattern (taking support and resistance at perfect channel levels)( shown below Monthly chart for broad view) 2. Monthly Breakdown by witnessing the January month candle(with volume bump) with low too tested the next month 3. Inside the Ascending channel pattern, it is undergoing the downswing move in the form of descending expanding channel pattern (shown by white trendlines) 4. High and Lower high too formed ....but we need lower low in the weekly chart to confirm the upcoming strong bearish move (shown below in weekly chart ) 5. There is also a BEARISH PENNANT (shown in the above weekly chart itself) yet to breakdown!!! 6. SL level mentioned @ chart 7. Better to enter after breakdown...if entering now, take 736 as target 8. It needs to break the 730 level for the fat bearish move !!! 9. Will update target levels once it gives breakdown!!! Let's wait and watch how it moves!!! Note- Just sharing my view...not a tip nor advice!!! Regards, mmjimm
NSE:UNITDSPRShort
by mmjimm
MCDOWELL - Triangle pattern + Cup & Handle breakout - SwingThe analysis is done on daily TF hence price may take few days to few weeks 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:UNITDSPRLong
by TradewithAditya
UNITED SPIRITS - Short-term bullish UNITED SPIRITS - Short-term bullish 1. Symmetrical Triangle pattern breaksout. 2. Next target will be 827. 3. It's short-term for the swing traders. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:UNITDSPRLong
by ravi15684
UNITED SPIRITS - Long-term bullish UNITED SPIRITS (MCDOWELL) - Long-term bullish 1. Due to the market reversal trend all the stocks are in a bearish trend. 2. Now it's in a good support zone 714. 3. Based on the negative trend this stock will be under pressure in the upcoming weeks. 4. Next supports are 660, 610, and 570. 5. My strong feeling is, that it won't cut the 650 to 660 level, it has very strong support there. 6. Investors start to accumulate on this level. 7. If it goes to 570, it will get a healthy recovery as soon as it touches this level. 8. Start to accumulate on each level 30:30:40 ratio. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:UNITDSPRLong
by ravi15684