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MCDOWELL, Trend line and Triangle Breakout , Bullish NSE:MCDOWELL_N
VERDICT MCDOWELL
Breakout Long Term Trend line and Triangle
Indicators Bullish
Volume High
T1 935
T2 958
T3 1019 Positional
SL 860
Only For Study Purpose
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.
#Watchlist
#MCDOWELL_N (W):-CMP 878 looking good for 1000/1020++, Only above 885/890 Weekly Closing.
#Disclaimer:-View shared is for educational purposes only.
#StockToWatch
The 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
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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.
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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.
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NSE:MCDOWELL_N
#NSE:MCDOWELL_N formed rounding bottom and in consolidation whole day, high chances to BO and good above 828.5 with SL.
Only for Practice.
Happy LEarning !!
NSE:MCDOWELL_N
Stock -> United Spirits (McDowell)
TimeFrame -> Weekly
Hello all!
United Spirits broke out of the symmetrical triangle pattern on 27 September 2021. The stock since then has been consolidating ever since thus forming a flag and pole pattern and has now finally come to retest the triangle it broke out of. It makes for a good opportunity to go...
📈 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...
