UNITDSPR trade ideas
Weekly levels (7 to 11 September 2020) - MCDOWELL_Nmarked are weekly levels for 7 to 11 september 2020
United spirits....... Long setupExplained on charts.......
This is just my view. Trade according to your own risk management.
Both Indicators showing bullish divergence signals! buy!the Awesome oscillator and the money flow index is showing bullish divergence signals!
an Uptrend will confirmly come
buy with a stop loss of 560.00
confirm profit from this stock
buy at my stoploss
when the stock will go in uptrend, i will tell the target : )
United Spirits Perfectly poised for a up move from current levels to 614, 645. Taking support at 589 and resistance to break around 600.
[Positional] McDowell Buy IdeaAs per the charts.
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 at "where" to act on "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" - means These are weekly options trades. If I don't explicitly write the Expiry, I am talking about current week's only.
"Bounce" - A swing Trading Pattern. Google - "unofficed bounce"
"3BB" or "Entropy" - A Bollinger Band Based System which uses Bollinger Band to screen trade and Price Action to Enter. Google - "unofficed entropy".
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. My trades are live in my forums, in comments, on Youtube. You can tail me if you want to do so.
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I will keep adding this description and it will be the same or similar in most of the trades I post.
Intraday : United Spirits Buy (546.65) Target (556)Stock in 4 hrs chart trading out of Bollinger band and a short-covering rally of 10 Rs is expected. It Can Retrace Upto a level of 555.90. So a Must Buy. Like if the Stock hit the target .
Possible MCD LongLevels are on the chart
Left one is intraday and the right one is for swing
All ideas and posts available under this account are only for my personal records.
I do not advise anyone to invest based on my studies.
Mcdowell RangeMcdowell seems to be in sideways range. It has tested support at 569. Close above the short term trend line (purple) could lead to test of resistance around 613. Close above 613 would be required for breakout.
United Spirits LongFundamental analysis :United spirits is very fundamental very strong stocks
Technical analysis:Bullish engulfing candle on friday with good volumes.We can buy around 570 with a stoploss of 550 and target of 625
MCDOWELL - UNITED SPIRITS (Mcdowell / United Spirits) wedge pattern has completed and for the first time
price has come out with good volumes. I expect higher highs now.
MCDOWELL
CMP: 585
SL: 567
Target : 640 (Conservative Basis)
Risk Reward 1:3
