INTRADAY TRADE IN MCDOWELL-N(UNITED SPIRITS)
!!please note trade with caution!!
!!manage your risk!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
United Spirits gave a strong breakout from its triangle pattern, and has given a 7% move.
It is facing resistance at 610/612 levels.
Stock might consolidate around these levels for sometime before making another upmove towards 650.NSE:MCDOWELL_N
IF CANDLE CLOSES ABOVE TRENDLINE IT WILL EXIT CHANNEL AND ENTER UPPER NEW ONE AND IF TAKES RESISTANCE AND MAKES DOJI CANDLE IT MAY FALL TOWARDS LOWER LINE GAP WILL BE FILLED BASICALLY WATCH OUT FOR PRICE ACTION ON TRENDLINES
TRADE AT YOUR OWN RISK