United Spirits: Sleeping giant awakenedUnited Spirits has formed symmetrical triangle pattern on monthly TF. Closing and sustaining above 583 can lead to potential breakout.
Strengths
Market leader.
Profit and revenue has been increasing for the past 2 quarters.
Trading above it's 30 day SMA of 534.
RSI is mid-range.
Target: 715
MCDOWELL_N
MCDOWELLNote:
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 opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Long in MCDOWELLMCDOWELL had just broken out and closed above the resistance trendline in daily timeframe. One can use this opportunity and go long by opening or wait for a retest and reversal around 625 ranges in hourly timeframe. Target for this breakout shall be 665 to 670 ranges and SL to be maintained is 614 ranges.