Hii all..
Greetings...
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...
United Spirits Ltd (UNSP)
strong volume breakout with momentum in day chart. it closes 200 EMA line. time to go for long.
BUY above 825.
next TARGET 842,869,876,890.
Thank you.
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...
📈 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...
Multi-year breakout seen in this counter. Near festive season and booming sugar sector! direct beneficiary from this is the alcohol sector!
And my pick from this cycle will be united spirits!
🔴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...
United 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...
🔴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...
