There is a rounding bottom pattern which is clearly visible in the weekly chart of MCDHOLDING, and it is about to be broken.
Positional or short term swing traders can engage. If breached above 57.30, a stop loss below the levels which have been respected since 2008 would do the trick.
PS: I am not a SEBI registered advisor. Invest only after consulting with...
hello fellow traders, as we can see price has broken from wedge , resistance trendline , vwap, resistance zone and mainly 50% fib level and now taken support at 50 moving average. Targets are marked on the chart
CMP 51-52 .Time to hold spirits winter and election making the buzz . on a good pitch breaking out of long term falling wedge . above 54 can see some resistance at 60-62 then direct 90ml . long with a view of 93-105 before bar opens. stockdada.com
MCDHOLDING has been moving sideways since December 2016.
With Highway Liquor bans being lifted in a few states, it looks poised to move up.
Traders/investors should have a mildly positive bias in the coming quarters.
Initially,I expect a fake intraday move to the downside, if it occurs.
This is a contra bet i am suggesting. A Low risk high return trade.