UNITDSPR trade ideas
UnitedSpirit- Can we see more upsideits closed above the resistance level...i cna see 760 as my target
UNITED SPIRITS REVIEWIF CANDLE CLOSES ABOVE TRENDLINE IT WILL EXIT CHANNEL AND ENTER UPPER NEW ONE AND IF TAKES RESISTANCE AND MAKES DOJI CANDLE IT MAY FALL TOWARDS LOWER LINE GAP WILL BE FILLED BASICALLY WATCH OUT FOR PRICE ACTION ON TRENDLINES
TRADE AT YOUR OWN RISK
United Spirit - EducationNot for any trade.
1. In channel
2. Resistance can be at channel, and given horizontal line. (710, 731, 801+)
Mcdowell: Be careful with longs as the stock may test trendline.The stock has broken a well-established trendline resistance and moved up. But price action is not convincing enough for next 100 points rally.
Current data suggests it will touch the trendline again before making the up-move..
Conclusion: Short term retracement, long term bullish.
Take your trade at your own risk. This study is only for educational purpose.
Buying Opportunity in Mcdowells United Spirits.After budget all MNC stocks have shown a great run ,but United spirits has not shown yet all Q3 results were better on Operating margin were highest ever . It is well trading above all its exponential moving averages and stock has got run some of bit so buy on declines with stop loss revised as @ 608 which is 50 day moving average .
Its a short term buy for a target of @ 801.
Happy Trading.
Mcdowell-N near decisive level of 648After taking support at 615-616
mcdowell-N is near resistance of 648
if it breaks with good volume, then
next level will be 664-666
But if it keeps trading below 645 then
it will again drag it to 616 level
SL in both cases will be 5-7 points
United spriritGAP to be filled
575 can arrive before next rally.
Can be considered as good opportunity
Archiving MCdowell DiscussionIt came to a discussion yesterday because we had buy in this one and was looking when to exit. Just pasting the thought process chronologically as a diary to check later
3:08 We were tracking weekend strat yesterday
It triggered that same day
Closed on morning NRMLMCDOWELL-N FEB FUT NFO
-1250655.35651.00+5,437.50-0.66% on that support line
09:33:13BUYMCDOWELL-N FEB FUT NFO
NRML1250 / 1250651.35COMPLETE
took it back 09:45:18SELLMCDOWELL-N FEB FUT NFO
it made 8k on that retracement and then closed here
MCDOWELL , looking really XXX !!!Strong bullish stock currently pullback towards 640 around can give good buy opportunity with the targets of 670 on the upper side.
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McDowell_N 1 Hour Time Frame - ShortAs per Fibo Retracement and Extension, McDowell_N is in down trend. Expected to reach two targets on downside
And also RSI coming down now at 41
Target 1 :: 565
Target 2 :: 560
