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MCDOWELL - KEEP AN EYE NEAR 570-550 zone
UNITED SPIRITS LTD
Long
MCDOWELL - KEEP AN EYE NEAR 570-550 zone
By manuagarwal21
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May 22, 2020
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May 22, 2020
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.
MCDOWELL_N
positionalview
pullback
pullbackbuy
pullbacks
pullbacktrade
Supply and Demand
Support and Resistance
Trend Analysis
unitedspirits
manuagarwal21
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