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manuagarwal21

MCDOWELL - KEEP AN EYE NEAR 570-550 zone

Long
UNITED SPIRITS (NSE:MCDOWELL_N)  
manuagarwal21  
NSE:MCDOWELL_N   UNITED SPIRITS
Trend Analysis Support and Resistance Supply and Demand MCDOWELL_N unitedspirits pullbacktrade pullbackbuy pullback pullbacks positionalview
3
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trendanalysis supportandresistance supplyanddemand mcdowell_n unitedspirits pullbacktrade pullbackbuy pullback pullbacks positionalview
Mc dowell has rallied about 25% in past 8 trading session and it also closed above it previous resistance around 570 levels.

Currently Its taking resistance T Fib extension levels around 616.

The structure of the stock is now of higher highs and higher low, hence any pullback can be an opportunity to enter long in the stock.

I will be eyeing 570 -550 zone for entering in the stock for the target of 700-720 levels.

The said view will be negated below 520 levels.
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