UNITDSPR trade ideas
Intraday (5-10-2020) - MCDOWELL_Nshort bias - stock making lower highs and lower lows in higher time frames
Bearish Momentum observed in United SpiritsClear Cup and Handle pattern observed. Expecting Handle breakout to happen downward. Price likely to fall until 440 (Target 1) and 360 (Target 2) upon breaking the neckline @ 390.
Possible Bullish Garley formationLooks like Mcdowell could retrace towards 450 before making the next move to 600+
UNITED SPIRITUNITED SPIRIT Make Rounding pattern so if break 642 level then you can add in your buy watch list.
[Positional] United Spirits - BUYThe stock has given clear breakout from its trend line.
Macd has also shown an upward momentum.
Levels mentioned in the chart.
[Buddha] MCDOWELL_N Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
MCDOWELL BUYMCD:o:WELL :
CMP 547:pushpin:
Buy zone 540 to 530 :pushpin:
Buy active now
Keep SL AT 505 :pushpin:
TARGETS:pushpin: 555/574/582/588/601/617/
636++
Aggressive target of 617/630+
In one month time frame
587++ target in 2 weeks
Status : active :
A N A N D
The Principle of Analysis When any Scrip or ETF or Bond in financial Market is analyzed its not only the Price , it has other parameters to account for
Most dont think of accounting it and try to put up some Judgement based on the few inputs ,
Analyzing is a method of processing the data ,
its an Process of Understanding how and when the actions of movements and reactions of past movements will work inline to Get proper Vision of the Futures
This scrip is about to make its one big spike on daily before it turns the trend down ward ,
Well we ware hoping an start of Online sale of liqueur in India will start by end of March 2020 before COVID 19 issue in the world
Now it seems have changed all the Forecast due to unforeseen Pandemic
Book your holdings on the day either EOD or Gap up of 10 % + , based on your comfort level and Look for daily reversal to take up shorts sell in Futures contract probably
3 Months contract , You can roll on up to it completes wave 4
One More thing did you notice one Cartoon is copying my charts , after i post Nifty , she posted , after i posted Reliance she posted , after i posted this she will post it too
You can now understand that these cartoon scammers are nothing but know criminals in Gujarat ,
Lets see ,
Good luck
mcdowell longbuy at bottom
strong candle with decent volume
rsi turn from 40
above 590(above 200 sma )
bearish below 565
