UNITED SPIRITS NSE:​MCDOWELL_N

#MCDOWELL-N CASH 13 NOV 2018 LOOKS GOOD ABOVE 642 STOPLOSS 634 TARGET 649-650/658-660 CMP 638.35

INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 13th) #BUY UNITED SPIRITS ABOVE 640

refer chart for details

trendline breakout

#MCDOWELL_N has formed #Cup&Handle pattern and now stock trading at 561 stock just need to trade or sustain above 564 then we can see 600-620++ level in future as stocking taking supports at 535-548 levels. #CMP 561

MCDOWELL_N Short based on S/R

Short on PDL break with SL as 545.

Reposting since three weeks. Price dropped below weekly support line of the channel due to bearish market. Now the stock is above the support line. Reasonable target is the upper -- resistance line. Once the stocks moves above 200 Week SMA, it will get strong upmove.

Long above 530 with SL at 497 for Target of 552 / 576 / 620

Levels mentioned in the chart!

We are continuing our buy setup and updated TSL as posted here. Here is the previous discussion link - https://in.tradingview.com/chart/MCDOWELL_N/tOPlPf69-United-Spirit-Hammer-Trade-Discussion/

Entered at 463.85 with a stop loss at 452.4 TSL 0.00% update from 452.4 to 470 TSL 0.00% update from 470 to 484.5 TSL 0.00% update from 484.5 to 488.20 TSL 0.00% update from 488.2 to 501.3 Current Trailing Stop loss = 501.3 trailing stop-loss hit total profit 501.3-463.85= 37.45 points

BULLISH VIEW ON MCDOWELL-N

It is a weak gap trade but correct ORB trade. As of now, it is still running, as TSL is not breached.

Levels mentioned in charts .

As per charts

Moving in a down sloping channel. Price at the support line. Price developed Tweezer Bottoms-- sign of bear fatigue and probable reversal level.

gap CAN BE FILLED observation