Unitedspirits
McDowell_N / United Spirits - Cup and handle pattern breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
United Spirits MCDowell_N AnalysisUnited Spirits making Higher High and Trendline Breakout with good volume
Entry:
1) If it come for Retest we can buy @660 level with confirmation.
2) If price Sustain above above 675 level then we will go long.
Sl: 650
Tgt: 720
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
McDowell_N / United Spirits - Cup and handle pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Strong Bullish channel movement on Daily Chart - United SpritisNSE:MCDOWELL_N
Channel based bullish movement. Keep an eye if this breaks the channel in up or down side. A quick movement can be captured.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Unites Spirits - Retesting the channel lineMcdowell_N is facing its retest in the channel zone, so give an entry with appropriate Stop loss after the bullish candle
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
MCDOWELL_ UNITED SPIRITSMCDOWELL_ UNITED SPIRITS is at a very good accumulation zone with near to its support. With the market uncertainty this would be a stock one must have in his portfolio. Currently this stock is heading for its 5th Wave and The targets that are visible currently are 606.45 in mid term and 646- 678 in long term.
Incase of any doubt, please feel free to reach me.
Chart and Analysis By - Adarsh Dey
[Short Term]Symmetrical Wedge Pattern in MCDOWELL_NMCDOWELL_N trading in symmetrical wedge pattern. If it gives breakout of this pattern then possible it will give 800+ short term target and 1100+ for long term investment target.
Possible Trade:
Buy MCDOWELL_N Above 650
Stop loss - 515
Target 800(Short Term) 1100+(Long Term)
United Spirits: sleeping giant awakenedUnited Spirits has formed symmetrical triangle pattern on monthly time frame. Closing and sustaining about 583 can lead to potential breakout.
Target: 715
Strengths
1) PRICE ABOVE 30 DAY SMA
2) RSI IS MID-RANGE
3) MARKET LEADER IN INDUSTRY
4) PROFIT AND REVENUE HAS BEEN INCREASING EVERY QUARTER FOR THE PAST 2 QUARTERS.
5) COMPANY WITH LOW DEBTS.
United Spirits: Sleeping giant awakenedUnited 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