UNITDSPR trade ideas
MCDOWELL-NPretty interesting set-up to watch.
Please wait for the price to reach our zone to make a long entry.
Levels are,
BUY Oppurtunity ***MCDOWELL-N*** at 532 for Targets 555/570/ with SL Placed at 510
#Mcdowell-n cash : Looks good above 576.10#Mcdowell-n cash -Positional call
16.05.2021
Looks good above 576.10
stoploss 566
Target 584/598
Cmp 565.30
Long#MCDOWELL_N looks like a possible breakout candidate. Stock closed above 200 DEMA. Momentum indicators are bullish. Good to add now in cash segment and add more near any dip if comes around 505 for a positional target of 652/675/775 in short to medium term basis.
This is not an idea... This a Real Picture of TradersThis is not an idea... This a Real Picture of Traders
MCDOWELL_ UNITED SPIRITS (Accumulation time)MCDOWELL_ UNITED SPIRITS is at a very good accumulation zone with near to its support.
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Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
United Spirits 1h time frameUnited Spirits has been testing a tight resistance for quite some time, with the golden crossover taking place I suppose there should be an upward break on the resistance. Comment down your opinion.
United Spirits: sleeping giant awakenedUnited Spirits has formed symmetrical triangle pattern on monthly time frame. Closing and sustaining about 583 can lead to potential breakout.
Target: 715
Strengths
1) PRICE ABOVE 30 DAY SMA
2) RSI IS MID-RANGE
3) MARKET LEADER IN INDUSTRY
4) PROFIT AND REVENUE HAS BEEN INCREASING EVERY QUARTER FOR THE PAST 2 QUARTERS.
5) COMPANY WITH LOW DEBTS.
United Spirits: Sleeping giant awakenedUnited Spirits has formed symmetrical triangle pattern on monthly TF. Closing and sustaining above 583 can lead to potential breakout.
Strengths
Market leader.
Profit and revenue has been increasing for the past 2 quarters.
Trading above it's 30 day SMA of 534.
RSI is mid-range.
Target: 715
MCDOWELL_N / United Spirits - Technical Analysis#History repeats itself and that is what is seen here also, with the support of good volumes and green Elephant candle we can clearly see a breakout of Channel pattern. Once sustains above 50EMA , may get a positional target of 580 - 600 - 640 levels.
Channel BO - Positional tradeThe stock has been moving in a downward channel for last 3 months and looks like it can give a breakout now. Stock looks good above 545 for a target of 562 and 595
McDowell's Intraday Setup WEDGE BREAKOUT McDowell's Intraday Setup WEDGE BREAKOUT in Hourly Timeframe
McDowell's Intraday SetupMcDowell's Intraday Setup
- It's making bullish divergence in RSI
- About to break the falling wedge
Follow the arrows for entry and exit levels.
MCDOWELL_N Analysis.Price is about to reach an important support of 500.
Nice buying opportunity might appear.
Fundamentally strong company.
Mcdowell - Into a channel and breaksPrice forming descending channel pattern and a small breakout happened today inside the channel which leads the price to move towards the channel top.
Descending channel will have high probability of breaking the channel up and move up quickly.
MCDOWELL_N bounced from multi-year weekly supportNSE:MCDOWELL_N
Currently trading near multi-year weekly support. Can expect a good bounce back for a target of 580 with a stop loss 480.
Disclaimer: This is just for educational purpose,won't be responsible for any trade taken on this basis. Please consult with your financal advisor before making any trade. Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
MCDOWELL BUYcmp 520 buy in two parts or accumulate till 500
keep sl as 478 on closing basis
targets :
534/562/581/598/616+
