UNITED SPIRITS - Short-term bullish 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.
Note:
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 more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Unitedspirits
UNITED SPIRITS - Long-term bullish 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 strong support there.
6. Investors start to accumulate on this level.
7. If it goes to 570, it will get a healthy recovery as soon as it touches this level.
8. Start to accumulate on each level 30:30:40 ratio.
Note:
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 more patterns and like, and share so that we feel it is helpful to many and share more patterns...
McDowell Long opportunityNSE:MCDOWELL_N
Stock -> United Spirits (McDowell)
TimeFrame -> Weekly
Hello all!
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 long.
The perfect entry would be after the breakout of the flag pattern. The stock is also nearing its "Golden zone" (between 50%-61.8% Fibonacci retracement) . Thus accumulation in small quantities can also be done at this point.
The analysis would become invalid if the flag pattern is broken on the downside.
*NOT A CALL*
#mcdowell #unitedspirits #nifty #fibonacciretracement #technicalanalysis #swingtrading
EWT: NSE United Spirits Multiple Time frame studies
United Spirits has started wave cycle from 85.20 .
Wave ((1)):
Wave ((1)) is an impulse pattern that occurred in 201.
Wave ((2)):
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)):
Wave ((3)) is an impulse with extensive nature 3.618% of wave ((1)) occurred at 816.
Rule 2: Wave ((3)) can never be the shortest impulse wave.
Wave ((4)):
Wave ((4)) is a triangle pattern with a five-wave structure retraced 50% of the wave ((3)).
A: 594
B: 801
C: 438
D: 742
E: 442 (terminating wave)
Price surged after the breakout of the B_D trendline.
Rule 3: wave 4 can never enter the price territory of wave 1
Wave ((5)):
Currently, price is forming an impulsive wave ((5)). Wave ((5)) has retraced 161.8% reverse Fibonacci of wave ((4)), which is the most acceptable retracement for wave ((5)).
Let's check the Fibonacci extension of the wave.
Wave ((4)) extended 78.6% of wave ((1)) through ((3)) at 1020, and the price had made a high of 1019. It is also an ideal level for wave ((5)).
We still have a 100% Fibonacci extension level for wave ((5)). Our next step is to analyze the lower time frame chart and study the sub-wave behavior of waves ((5)).
I am working on the lower timeframe, and I will update it here.
It will remove your confusion.
Thank You :)
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalUNITED SPIRITS
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
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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United Spirits Analysis !! BrokeOut📈 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 look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
MCDOWELL Rounding Bottom + Ascending Triangle - Short Term TradeThe 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 simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
UNITED SPIRITS MID-TERM SWING TRADE!Hi everyone, United spirits mid term swing trade consider buy on CMP 925 target 1,090 stoploss 893.
LOGIC BEHIND TRADE : Stock recently given breakout of it`s all time high & trading on it`s support and if calculated retracment level = 0.58, it`s good oppourtinity to buy on support stoploss only 20 points from support and target identified from harmonic abcd pattern level 1.618 & dynamic trendline resistance indictaes stock is bullish. NSE:MCDOWELL_N
Breakout in United Spirits...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (14%) achieved in United Spirits. Target 2 is ON...This is follow-up on United Spirits. Can check link to related ideas.
Target 1 achieved. More than 14%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#Unitedspirits 6 year resistance rounding pattern breakout6 year old resistance has been clearly broken when breakout happened last week.
Volumes are above average with momentum and trend indicator bullish on all time patterns
It is rounding pattern breakout on long term timeframes too and could be forming cup and handle as well.
Up move is expected to sustain considering all these
United spirits: Again beautiful volume and price candles.Hello Traders,
United spirits again has displayed good momentum, in price and volume both.
I would enter the trade but the entry levels depend on 9 EMA for daily chart.
I would keep an eye on the stock and wait for some consolidation before it takes the next upmove.
Happy Trading!