Breakout confirmed with surge both in price and volume. Clean breakout from range with well defined retests of horizontal boundary. Range took support at the top of longer Base Range. Expecting 1100+ soon :)
Mcdowell on a monthly timeframe create flag and poll pattern and give a mega breakout
MCDOWELL 975 looks perfect opportunity for 6 to 12++ months. Heading towards 1180 & 1250 Do consult with your Financial Advisor before taking trades on this.
as i shared it worked guys.. position went long , nice catchup hope it helps want to learn more anyone wanna work together can contact..
Breakout Stock! McDowell (United Spirits) (D) - 50-200 EMA Cross over - Price above all Key MAs - Strong Volume Buildup - Consolidation near BO Zone (Ignore below 870) #UnitedSpirits #McDowell #BreakoutStocks
a cup and handle is visible, scrip can go to complete the rounding bottom and then touch the ATH.
Reason for short a) resistance and TST set up b) vwap as resistance c) news negative SL compulsory
Reason for long a) Consolidation breakout b) volume and price spurt c) weekly breakout d) Top gainer list SL compulsory
United Spirits ltd. (McDowell) is engaged in manufacturing of alcoholic beverages. It manufactures the collection of brands such as Royal Challenge whisky, McDowell, Signature, Black Dog, four Seasons, Honey Bee etc. brand. They have 50 manufacturing facilities across India. United Spirits CMP is 817.05. Negative aspects of the company are high valuation (P.E....
United spirits, CUP pattern, wait for a retracement till 800 approx, then enter for good RR, target 880, stop loss small, good portfolio stock too.
Buy above high of breakout candle at 811.25 stoploss at 790.5
In the Weekly Chart of MCDOWELL_N , we can see that, it has formed Bullish candle. Looks like it is forming C&H Pattern. Let it create a Price Action in upward Direction as shown.
Reason for long 1. Market structure - bullish 2. Consolidation before the Breakout : two week consolidation 3. Support-Resistance levels: Entry near support 4. Supply-Demand zones: Demand zone as evident by volume 5. Location of 200MA or 200EMA: 60 degree angle up 6. Overlap with a Fibonacci level : matching with golden ratio near entry 7. Candlestick pattern and...
Mcdowell should find bottom here as per the divergence formation. Just bellow lies the 2022 low for the stock. Appears to be good entry point.
Reason for long a) Mr14 set up b) w formation SL compulsory
CMP 768 Looks good for short term Add more around 730-735 TGT 800-840-900+ SL below 720 closing basis Note : Just an idea not any recommendation to buy or sell the particular stock.
MCDOWELL- N view for 21st Feb 763 below fall expectation... Please follow strict risk reward and stop loss if you follow my levels... Charts for Educational purposes only Thanks, V Trade Point