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!
liquor stock under consolidation since long now it looks like stock is ready for big upside
NSE:MCDOWELL_N United Spirits has given a breakout and will move till 860 Level where I expect a retracement till 800 Disclaimer : Its not a Recommendation.
Multi year strong breakout with Good volumes done. Good demand Zone is 770 -780 Targets 1000-1100++ Avoid below 720 Only for educational purpose.
Am I reading the chart correct? Open to any feedback. Shallow retracement of more than 2 weeks turning deeper - multiple failed breakouts at 777,770,767 levels Short term support also broken below 740,738,735. Just my view not a trading idea. thanks
Watch United Spirits(Mcdowells) which is in Monthly level triangle formation. Now it is in the upper end of the triangle. But when it reached the bottom of the triangle or wait for breakout and retest.
Buy @746, SL-742, TGT-752 Sell @739, SL-743, TGT-730
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
NSE:MCDOWELL_N Monday will decide whether it goes up or down. In a daily timeframe it's showing inverted hammer. If Monday goes down 730 can be stop loss. if it goes up 800 can be target.
Amazing looking chart in united spirits. monthly timeframe breakout of over 6 years. can go long if closes above 800 on monthly basis. targets are marked on the screen. 1500+ should not be a problem if held with patience. might take more than 6 months.
Hourly Closing above line is imp. sl and targets mentioned on chart. *I am personally not trading this one. Also, I dont hold any in my PF as of now. I dont expect a straight move and can take 1-2 weeks. Sl, hourly closing basis. #The_RedTicker
Buying above 1560 will be good for Swing and Intraday Players. Strong closing at ATH.
MCDOWELL has broken long time resistance. Trendline Break-out. Looks pretty good for 1st Target 800. Veru good Open Interest Build-up on the up-side
Clear Breakout in Mcdowell after long consolidation phase. Go long around CMP 724 with SL @ 680 on losing basis RSI above 75 is clearly indicating good momentum Do your own analysis before investing
Beautifull Potential trades for my followers :) This is just one view now U have them make good use of setups also some learning points and some good Risk to reward setups have fun and good trading day :)
NSE:MCDOWELL_N United Spirits showing a good upside movement with strong bullish candle.
MCDOWELL_N looks good above 700 (CMP: 723) weak below 629 can go till 1100
Mcdowell Looking good on weakly chart CMP 713... It may test 800 levels...