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WaveTalks
Dec 29, 2016 3:31 AM

McDowell- Drunken Head & Shoulder Master on 1st Floor Short

UNITED SPIRITSNSE

Description

Someone has rightly said -if you are drunk & driving it is scary- so how scary can it be if you are drunken & sitting on the open second floor(no walls)- everyone knows you will fall which it did from 2600 & now first floor.

I warned master is drunken at 2600 -Amazing

Key levels once breached below 1688 that will be a bad sign for bulls.

Previous Analysis- Kissing 2600 exactly on the edge- click the charts & load the bar

Trade active

09:02 Hrs 29th Dec2016

Previous Analysis- Kissing 2600 on the edge

Trade active

17:20 Hrs 23rd Jan2017

Last price@2211

Drunken Master close to reach second floor- Wow!
Comments
srinivaskalluri
Can we short McDowell in futures as of now
WaveTalks
@srinivaskalluri, I will have to rework as I was planning to take any sell below 1770 only fresh or on some bounce.
shiv2798
Sir your advice is very much correct , but may not fall form 2600 as predicated it may take another small swing up , I have been tracking this stock with change in volume delivery , its reached 57 % of its total capacity by end of 23 Jan 2017 trading , now who will enter will have to be careful
Lets watch and see what happens
WaveTalks
@shiv2798, Hello Shive it falls from 2nd floor - Drinking too much is a big problem. hahaha
shiv2798
@AbhishekHSinghCMT, yes sir drinking is bad , and also your extensive vision was truly amazing
Thanks sir
sanjivt
Dear Abhishek, thanks for sharing.....should one buy for a bounce to around 2200 as shown in your chart? thanks again!
WaveTalks
@sanjivt, Let market settle down for Year End & likely bounce could be seen along with indices, but going forward -any day if this falls below 1680-1650 zone- it could fall deep down.
sandy
hi sir very good afternoon .you are awesome in terms of the way to describe stocks,index(some time amar akbar anthoney,gulab jamun,drunken master.)........................ha ha ha ha maza aajata hai apki post padh kar .............................
justDSingh
Hi,Can I short it in options.Thanks
WaveTalks
@justDSingh, You need to consult someone who is good in options- I am extremely bad because of their time component.
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