MCDOWELL-N has formed ascending triangle on a daily chart and it did show breakout upside on ascending triangle pattern but came down due to selling pressure in NIFTY. Stock likely to go higher and can test resistance zone of 2750-2774
As government banning on sale of alcohol on major cites,highways, near hotels ect..some liquor stock can show some downtrend movement for a while.Have eyes on this stock..
united spirits, globus spirits,radico khaitan, United Breweries, gm breweries..
some of this stock will react on Monday.