UNITDSPR trade ideas
MC-dowell Short ideaThe stock has rallied good after a strong results. It is forming a bullish flag.
So we are going against the trend expecting a correction.
Strict STOPLOSS is required for this setup.
Go short below 3100 with SL at 3140 for T1 3026 T2 2941 T3 2723
MCDOWELL-N SnR Yearly ResistanceMCDOWELL-N SnR
RSI above 80 seems Overbought
Short below 3026 with 3190 SL
T1 - 2979
T2 - 2857
T3 - 2758
T4 - 2660
McDOWELLS FLAGMCDOWELLS is moving in a flag after a huge leg up after the results.
Call it a symmetric triangle or flag, since it has a pole
Dont be scared !! it wont bite :D
United spirits is a buy above 2780 , for tgt of 3540NSE:MCDOWELL_N is a buy only above 2780 , for tgt of 3540 .
Can MCDOWELL get support!!!!Wait and Watch
Entry above 2420 with the stop loss of 60 point (2360), Target will be 2540.
#MCDOWELL-N - Ascending TriangleMCDOWELL-N has formed ascending triangle on a daily chart and it did show breakout upside on ascending triangle pattern but came down due to selling pressure in NIFTY. Stock likely to go higher and can test resistance zone of 2750-2774
Mcdowell(2604)-moving toward 2650-2660 and then big upmovestock looking good for move upside of 2720-30 and 2750+ if strong trade above 2660 support around 2550
Bearish ButterflyMcdowell-N has formed a bearish butterfly pattern. Trade can be taken as per the set up
United Spirits Imperfect Bearish Bat AC is not in the range of .382 and .886 and hence it is an imperfect Bat Setup. This is an aggressive setup hence!
First target is shown in the tradebox;
Next target is projected on the fibonacci setup.
Bearish Butterfly - Mcdowell-NThe stock has formed a bearish butterfly pattern in weekly chart. Aggressive short trade is already on. Conservative traders can enter now as per the trade set up.
Possible day trade set up I am looking this as a possible day trade set up , Price will retrace back to 2600 and can move to short term up side till 2695
again this is not a recommendation , its only a possible set up
Regards
Another golden cross with United Spirits. GST kick?United Spirits:
1. July 30 2012 - 50 day EMA crossed 200 day EMA at INR 712 and rallied upto 2600 during the next 21 months. More than a 3 bagger.
2. Oct 31 2014 - 50 day EMA crossded 200 day EMA at INR 2725 and rallied upto 4082 during the next 5 months. 50% gain.
Same situation is now repeating where 50 day EMA is crossing 200 day EMA as of June 28 2017 and we can buy around 2400. Lets see where it goes...
Disc: Invested and biased. Sharing for educational purpose only and not a solicitation to buy and sell.
