There has been a shift in the trend on the hourly chart of united spirits. We can clearly see a breakout with a big bull candle. Since Breakout stock manages to sustain above 790 levels, and also consolidates above it, hence sustaining the same, the stock could move towards 850-860 levels, in the coming trading sessions. Type of trade: Long Trade Positional...
Mcdowell giving breakout above 800.Looking tgt 810-813-820++ very soon.Also keeping on radar Mcdowell 800 CE
Mcdowell looking good above 800 as it will give trendline breakout. MCDOWELL Above 779-800 TGT 813-820-830 (in very short term) Above 800 in cash we will buy Mcdowell 800 CE for 4-5 point target
After a good monthly close MCDOWELL-N can go to 900 plus levels or even break 100 level for a medium term target.
United Spirits (Mcdowells) - Bounced from the bottom of the ascending channel, minor resistance at 950, on crossing, uptrend may continue to previous highs, HH-HL formation seen. RS is strong. CMP>20DEMA>50DEMA>200DEMA. Will be weak if breaks down below the channel. Only for educational purposes, not a buy/sell recommendation.
United Spirits - Company is turning around, heavily reducing debt and will be debt free shortly. Breaking out at multi month levels. Can potentially be a multi year breakout once it breaches 815
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Below is the zoomed in image for better understanding Checkout BATAINDIA trade (linked below) to understand how to trade Morning Star formation Also, you can check out previous analysis of MCDOWELL as well...
NSE:MCDOWELL_N WAIT FOR THIS MONTH CANDLE TO CLOSE FOR CONFIRMATION (then buy on dips) please note its monthly TF. SL will be big but Target also be big. can find opportunities on smaller TF patience will be key. #the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
www.tradingview.com CMP : 690 TO 710 STOP LOSE : 629.7 TARGET : 800
United Spirits LONG SETUP.... 1. MORNING STAR FORMED IN DAILY TF 2. BO of Bullish Flag & Pole pattern with Volume Expansion 3. Retest of BO done 4. Also 52-Week High of 684 broken on friday
Looks like breakout from trendline, above 50, 100, 200 EMA levels ... Add to watch-list - trade carefully. Please do you own analysis ...
United Spirits post its Q4 results has reversed from a bearish Harmonic Crab pattern in daily time frame suggesting retracement till 560-550. The view would negate above 605.
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade set up along with the logic has been explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into...
JUST FIXED YOUR TARGET 1H GOOD EVERY LOSS RECOVER EASILY
MCDOWELL LOOKS GOOD TO ENTER 615 FOR 630/680 WITH SL 599 POSITIONAL
Mcdowell, if sustains below 590 can see 540 levels initially and further selling may trigger if it closes below it ,which can take prices to 500 levels
Entry 581 to 575 SL 568.90 T1 585 T2 598 T3 611 T4 620