Mc Dowell selling stretegySell mc dowell if closes below 592 on hourly chart for target of 570 with stoploss of 605
UNITDSPR trade ideas
Mcdowls (United Spirit)MCDOWELL'S in bullish pattern, very good long term targets ahead. Midterm target details are provided in the chart. Please note that the price levels given here are purely based on technical view and it is only for educational purpose. I am not a registered analyst.
MCDOWELL - SHORT SETUPAs we can see, this stock has taken support at the same trend line for about 7 times. Given today's candle and negative price action, this can break towards downside and we could see a rapid downfall.
Bullish crossover United spirits have bullish crossover and make rising wedge pattern wait for price action and buy at current level target 661 and sl 600. as per analysis sl is big so trade with minimum qty
United Spirits Breakout A good stock to watch out in short term United spirits Fib levels look good to add at 625 with SL 620 AND TARGET 640 with trailing stop loss if passes 640.
Mcdowell_N - ChannelMcdowell_N - a small bullish pattern at the bottom of a channel pattern can be a great trade
MCDOWELL-N Channel SupportMCDOWELL-N looks like its respecting the lower channel level and has bounced back from it. Can go to 622 & then 642. Invalidated once 584 breaks.
DISCLAIMER - This is just my personal analysis and not a trade recommendation. Please do your own analysis before taking any trade.
UNITED SPIRITS - Long call- Strong support at trendlineCan go long for short term, since it is respecting strong support on trend line
Note : recommendation is only for educational purpose
Small trading opportunity in MCDOWELL (Support + RSI divergence)1) PCR for June is 0.49%
2) Open Interest increased double the time LONG side
3) RSI divergence in smaller time frame and recovered from Oversold area
CMP : 602.10
SL : 597
Target : 625
