UNITDSPR trade ideas
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
mcdowell can give a swing move LONG THIS STOCK AS CHART PATTERN LOOKS POSITIVE FOR A TARGET OF 720 AND A STOPLOSS IN PREVIOUS DAY LOW
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<<
United SpiritsLooking good at these levels.
MACD crossover is due soon....and the channel formation is about to end....
Stock may move 10% soon.
MCDOWELL-N (UNITED SPIRITS),1D 📈#MCDOWELL-N (UNITED SPIRITS),1D 📈
Stock has given Bullish flag pattern #Breakout in daily TF with wide range candle & Highest daily volume in a year.
It is good buy above 675 For target of 730-790+ with 633 SL
Mcdowells is a good bet beyond 700 for long term. It will break out of falling trend line resistance and will attempt to regain its glory once it is beyond 700.. Keep an eye for a big move. . Also up-coming festive seasons and unlocking will see a further increase in sales and volumes and help it cross that level.
UNITED SPIRITS TRIANGLE PATTERNUNITED SPIRITS IS FORMING A SYMMETRICAL TRIANGLE PATTERN IN MONTHLY TIME FRAME AND CAN BE WATCHED OUT FOR POSITIONAL TRADING.
ITS HAVING CLEAR SUPPORT FROM AGGRESSIVE BUYERS IN THE LOWER TRENDLINE AND OVERALL ITS IN AN UPTREND. AND THERE IS A HIGH CHANCE OF BREAKOUT IN THE NEAR TERM.
IT HAS FORMED A BIG BEARISH MARUBOZU CANDLE IN MONTHLY TIME FRAME ON MARCH AND FOLLOWED BY INSIDE CANDLES IN THE FOLLOWING MONTHS.
AFTER THAT HIGH OF THE BEARISH MARUBOZU CANDLE(702.75) IS BROKEN WITH VOLUME AND CLOSES STRONGLY, INITIATING A LONG ENTRY CAN BE CONSIDERED.
LONG ABOVE 710 WITH A POSSIBLE TARGET OF 1100 SL 600
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
Seems like UNITED SPIRITS LIMITED is inviting more buyerA bullish flag pattern after rounding base has formed in the UNITED SPIRITS LIMITED and now price has given the breakout with heavy volumes from the confluence of demand zone and declining support area of the flag.
Keep an eye on it!
Keep supporting! Keep learning! Keep earning!
MCDOWELL-N Long SetupMCDOWELL-N formed pole and flag pattern breakout with good volumes. Can go long at 670 with stop loss of 640 for the target of 700 and 730. Can take position as per individual risk appetite!
Grab 10% by super simple and effective analysis - MCDOWELL_N 👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
McDowell N - Round Bottom ViewMcDowell N :
Beautiful Round Bottom
Long above 663 with a SL 638
Resistance at 680, after that strong further upmove feasible
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.
UNITED SPIRIT DAILY CHART UNITED SPIRIT DAILY CHART ,POLE AND FLAG PATTERN ALONG WITH CUP & HANDLE , FOR BIG BREAKOUT NEED TO CLOSE ABOVE 680-685 . NEXT TGT 740/830
United Spirits formed a Flag target 685this share has beautiful trend line and formed flag pattern if it break out it would be touch 685 and 723, stop loss 632.
