United 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
#History repeats itself and that is what is seen here also, with the support of good volumes and green Elephant candle we can clearly see a breakout of Channel pattern. Once sustains above 50EMA , may get a positional target of 580 - 600 - 640 levels.
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...
MCDOWELL READY FOR LONG SWING TRADE
Chart suggesting a reversal on cards. Do track this for some good move in coming days.
Perfect Diaomond Pattern & Hammer Made Buy At Cmp 536.35 Strict SL - 515 (WCB) Target - 630-640++++700
I will buy MCDOWELL because : It has been taking support at the trend line . It has touched the support 2 times and has not been able to break it. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 563 Target : 649 Stop loss : 538
MCDOWEL-N BUY ABOVE 555 SL 545 TARGET: 559, 563, 567 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Long MCdowell above 570 Target 630 with the DL OF 535. RSI forming +ve divergence. This is for pure educational ideas.
Perfect Diaomond Pattern Buy At Cmp 563 Strict SL - 529.7 (WCB) Target - 630-640++++700
Please refer to the Related Idea of #Britannia (link below). In this video had advised #Britannia #AsianPaints & #McDowell_N I missed posting the idea for #McDowell_N so posting now. Trade got activated and met both targets today. Entry Level: above 572 Targets: 575 / 577
Last week MCDOWELL_N breakdown its uptrend channel and retrace again its breakdown level. In today's session, it gives a breakdown of its retracement support. After this breakdown expected downside target will be 500 in this stock.
MCDOWELL-N - CNH - RK23 07 JAN 2021 CMP 613.90 Buy above 620 SL 575 TGT 614 / 640 /675 / 720 Trail your SL if the trade is in favor. For learning purpose only.
Buy United Spirits at CMP and add more near if it comes to retest level near 605 with stoploss of 543 for the Target of 679 and 708 Study: Cup & holder Pattern Breakout with good Volume + Risk to Reward is favourable