mcdowell (Unitedspirit) long term view hi mcdowell long term vuew bullish ,, accumulate on every dips,,also fundamental is strong,
UNITDSPR trade ideas
Mcdowell case studyBearish crab pattern formation on daily time frame ,, with bearish divergence on RSI between high of last 2 swing,,
prz in range 910-940
pattern vioaltion above 1011
counter just entered the prz range and gave a good reversal,,
Expected correction in united spirits (McDowell) up to 780 levelwave 2 is between 0.786 and 0.618 level of wave 1.
wave 3 is exactly 1.618 times of wave 1.
wave 4 started from 925 level, according to elliot wave theory it should retrace upto 780 levels.
Which provides us with a good shorting opportunity.
For additional confluence:- divergance spotted in MFI indicator (oscillator is making lower high but stock is making higher high). Look from mid august to 2nd week of sept.
[ INTRADAY ] MCDOWELL_N LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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BUY BUY BUY@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
McDowells** Posting my opinion - Any difference of opinion is welcome **
Purely based on price action.
UNITED SPIRITS... HIGH ON SPIRITS....Mcdowell_N..... A good long green candle was seen yesterday with large volumes traded.
Watch for the next few days. Another green candle will confirm the multi-year breakout (from 2015).
The script was consolidating for the past 6 years in a horizontal channel or a triangle pattern.
A long rally ahead.....
Please like the posts if you are convinced. It will encourage me to share more ideas.
United Spirits Cmp 829 dated 23.9.2021United Spirits Cmp 829 dated 23.9.2021
1. Parallel Channel BO @ 845
2. High Volumes.
Buy for a tgt of 1000 SL 775
It is just a view, pls trade at your own risk.
United Sprite has on Long term tringle BOUnited Sprite has on Long term tringle BO. It can buy 805-830 add more if come 777 targets would be 910,978 and 1200
Breaking the trendline !!Stock today has broken and also closed above the strong resistance zone of 800-820 levels. Now any retracement towards 780-800 level would be a good buying opportunity for long term.
Short Term and Multi year breakout ✌✌✌This scrip is choosen for short term pick and it given a Multi year Breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Strong Weekly Closing!Strong Weekly Closing. It's definitely a BUY IN DIP candidate from here. Expecting 4 figures very soon.
#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
MCDOWELL_N is now 853 from 602 in 4 MonthsMCDOWELL_N is now 853 from 602 in 4 Months
It was shared on May 26 to buy between 602 to 606, and now you can see it is at 853 that is 41% Gain.
horizontal lines are for profit booking and reentry into the stock.
UNITEDSPR: Bullish on long term, also looks good for short termFundamentally targets are too great.
Charts is giving good setup for short term.
MCDOWELL TRADE SETUP FOR TOMORROWMCDOWELL share is near to breakout either it goes down or up.
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We also gave this old Setup around one week and it gives a good profit to the trader.
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Now for tomorrow if MCDOWELL share goes above 834 you can buy this trade.
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If stock goes down below 815 we can sell this trade.
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What's your view on this comment below in the box.
McDowell - Investment IdeaAccumulate near 750/800
for 1500
with 624 SL on week close
multi year breakout
Long in McDowellThis scrip had given a Multi-year breakout and currently it's retesting the support zone.
Long if the scrip closes above 834 level with SL below just below the support zone.
Breakout From a Six year highMCDOWELL has breakout from a high price which has been reached 6 years ago in March 2015, after 2015 the stock has been in a bearish mode and the price has been ranging on a triangle pattern until august 16 where it breached the trendline and has been on an uptrend, last week it had broken the high price of 816.6 which it had made 6 years ago with a huge volume, considering the bull market in the present it is a perfect opportunity to go long on a short to long term perspective
McDowell swing longGiven BO of multi-year resistance. Can be added at current levels with SL of 700.
[Positional] MC Dowell Bearish Flag Short IdeaI will not do this trade and will suggest you not to do this trade either.
But the view is correct theoretically.
But, feel free to do a call spread.
