Description
⋅ Hello traders,
Following the positive response to last week's study on , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits).
📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher.
⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price).
💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments.
📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial.
🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions.
📌 TradingView Wisdom: As TradingView says, "Look first, then leap."
🙏 Thank You: Grateful for your support! See you in the next post.
Best regards,
Alpha Trading Station Trade active
⋅ Flying high as expected.
Swing traders can hold.
Derivative traders enter at the retest
Trade closed: target reached
⋅ Both swing and derivative traders can close the trade