Stock is under accumulation, good volumes. Still in channel support. Retest failed earlier, could BO this time. RSI is strong.
Wait for confirm BO above channel or swing trade from bottom of channel if it falls.
T1: 975
T2: 1025
SL: Closing below parallel channel support.
If MCDOWELL_N break its Treand line then check the volume. If it is more than average than you can take trade.
i will inform you if it will break it so follow me for trade ideas
play for small sl mcdowell looking good for buy if break 885, SL will be 863,,.... TARGET 900,920++
ek channel me move kar raha hai lats play small SL.. but monday ko flat or gap up open hona chaiiye..
Hi good afternoon
As i mentioned in my morning view the FMCG looks good and i am continuously mentioned about the McDowell as my proffered pick in this sector and i am continuously bullish on this stock so today it confirms the breakout as it has to sustain above the 856 and close the candle and now it happens so the CE writers are trapped and they try to cover...
MCDOWELL_N - It has formed the Falling wedge pattern also BO has happen on the Trend line & Retest is in progress.
Expected to Bounce back after Retest is done . Chances are high to reach target due to Festive season time and sales of Liquor is always in demand.
Target 1 - 940
Target 2 - 1019
Stop Loss - 760
Disc- Only For Learning Purpose and not a trading...
MCDOWELL_N stock can make new highs in upcoming trading sessions in higher time frame. Its been in the channel for quite long time which is now broken. We can enter in trade after the break and retest of the previous 4h structure.
The idea here is about United Spirits (McDowell_n).
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Engulfing candlestick formation on a weekly chart at the time of publishing.
2. Anti Cypher Pattern looks ahead.
3. Downtrend Channel resistance tested might break the channel in coming week.
4. Resistance on 20 EMA on a...
A H&S in formation!
Stock has been trading at the resistance of a falling channel in day tf!
At the resistance, a H&S is what the bulls won't accept!
The following levels can be targetted!
The patter will become void above 865!
