UNITDSPR trade ideas
Great Buy (swing)Reasons to buy -
1. Overall Uptrend
2. Broken long term Resistance marked on chart
3. Correction almost complete
4. Break for the break and execute buy order
Previous resistance now become support in united spiritsPrevious resistance now become support in united spirits
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
CONSOLIDATION RANGE BREKOUTOn the weekly chart, the stock continue to trend. higher forming a series of higher tops and higher bottoms formation. The above analysis indicate an upside of 732-779 levels
Mcdowell facing resistance near mid term supply zone near 685Mcdowell facing resistance near mid term supply zone of 680 to 685 levels
RSI also cooling off from above 80 levels
Immediate support at Fibonacci retracement level of 615 to 621 level
Keep SL of 685 on daily closing basis
Do your own analysis before trading
selling idea for |MCDOWELL-Nstock bracken regressions chennel down side we can accept selling from here
Short Mc-Dowell - contra tradePossible retracement on Mc-Dowell charts.
Sell below 655
Target - 640, 625
bullish on united spiritsNSE:MCDOWELL_N strong bullish run . might require a small congestion zone near the resistance but the game is still on.
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
USL HOURLY CHART GIVEN A BREAKOUT ON HOURLY CHART , SUPPORT AROUND 645-650 CAN ADD THERE FOR TGT 750
MCDOWELL_N short hitting the resistance in weekly chart. Wait for a price action to confirm shorting opportunity
Just an Idea ! Long call.We got the long time breakout from price action. Price is headed towards 741.
Should reach that Target less than a month Keep the stop loss of 640.
I am also in a learning phase so trade at your won risk.!
