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.
Please like and share if you agree with the idea.
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.
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.
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.
3. Follow me for...
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.
5. My strong feeling is, that it won't cut the 650 to 660 level, it has very...
Stock -> United Spirits (McDowell)
TimeFrame -> Weekly
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 has started wave cycle from 85.20 .
Wave ((1)) is an impulse pattern that occurred in 201.
Wave ((2)) is a zigzag pattern that occurred at 95.55 .
Wave ((2)) retraced 100% of wave ((1)).
Rule 1: Wave ((2)) can never overlap the starting point of wave ((1)).
Wave ((3)) is an impulse with extensive...
Chart pattern looks good and now trading at resistance zone
Can be buy at CMP and further add if cross above 940 levels
for swing targets of 960/1000 levels
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
📈 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...
The analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days.
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
Checkout my other ideas to understand how one can earn from stock markets with...