This stock is setting up nicely to go for blast. It has shed of weak holders and giving clear indication.
One can identify the minor demand zone today and can take entry as per their risk appetite
Call Option can yield a good return
UBL chart is showing a clear cup and handle breakout.
Breakout is supported by a great volume as indicated in the chart.
In near term, chances of it going upto 1850 are high.
It's my view, please do your due delligence!
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...
The best company with strong technical and fundamental.
Double bottom formed and gave breakout last week.
Conservative traders wait for retrace and then go for entry.
Aggressive traders can enter at the Current market place itself.
Short term Target 1220 🚨SL must, it depend's on your risk appetite
Long term Target Hold for decade
United Spirits chart pattern looks very good to hold on for long term (next 4-5 years). Even though stock is looking for a small correction of 10% and to trade in sideway range of 10% levels up-down in short term and is a good to hold it for long term. Stock have a strong support at 500 levels which is 30% away from current level and it will be good to go for 1:1...
Trade Or Invest Wisely.
We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor, so before entering on my view please ask your SEBI registered advisor. Profit is your and loss is your.
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Stock -> United Sprits (McDowell)
TimeFrame -> Weekly
United Spirits had been moving in a Symmetrical triangle pattern since 2012. It finally broke out of it 9 years later in September 2021 post which it started moving in a flag and pole pattern. After a year in October 2022, it broke out of its flag. This makes for a good opportunity...
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.
USL looks very good and has been consolidating for a very long time. This is the second phase of consolidation after breaking out of its range of many years. Keep it on watchlist and this can be a true multibagger in the coming years.