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NS_NitinSharma
Dec 2, 2022 8:07 AM

MCDOWLL near BO Long

UNITED SPIRITSNSE

Description

Stock is under accumulation, good volumes. Still in channel support. Retest failed earlier, could BO this time. RSI is strong.
Wait for confirm BO above channel or swing trade from bottom of channel if it falls.
T1: 975
T2: 1025
SL: Closing below parallel channel support.
Comments
LEVELOSKI
Fib low is not correct?
NS_NitinSharma
@LEVELOSKI It depends, either you can literally take the lowest level or the support level. I usually don't consider false breakout/breakdown levels that's why the fib low is little higher than you would expect
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