United spirits (McDowell) given clear break 💔 out of 5 yeaars..buy in parts on every dip...sl below suport trend(red) line
McDowell has BO'd from channel, weekly TF. Targets marked...I have not taken any position yet because it has just popped out of the channel,
The stock has broken out with good volumes and retested therefore it may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals.
6 year long consolidation period going to break. It can triple from here in next 3 years
6 year breakout Diageo seems be turning around the fortuens of united spirits after VijayMallyas turmoil. This liquor stock looks all set to conquer its all time highs and regain the valuaitons.
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
A strong Breakout Seen in This stock with Volume .
www.tradingview.com CMP : 690 TO 710 STOP LOSE : 629.7 TARGET : 800
Buy above 688.4 being prior pivot broken with above average volume Target 728 being height of triangle
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
United Spirits | MC-Dowell Let's See Will it Rise or Fall Down Will it Follow Double Top or A Triangular Breakout. Cheers In Advance NSE:MCDOWELL_N
See how the stock takes a good support of the 50EMA. The recent pullback was weak. The current demand is strong. Good up trend upcoming.
Buy If triggers Sell If triggers Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for...
Coming out of long consolidation and also fundamentals improving Probable TGT - 1200