Mcdowell
Mcdowell Hangover ?- It has been in a sideways channel for almost 2 years with clear support and resistance zones
- It showed strength in the initial phase of this week but at the end got hung over Literally, upside down.
- In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for now.
- Despite the trendline breakout ( Say If it had), It would have been wise to wait for the resistance zone to break and the price to sustain over it.
- Even now It has 50 - 50 chances but maybe for us, it's a bit of red bias.
What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
My view on Mcdowell Mcdowell
Forming inverse head & shoulder pattern
Looking good for tgt 1170-1180-1190++
Keeping on radar Mcdowell 1160 CE
My view on Mcdowell-NMcdowell-N
forming Head & Shoulder pattern
Below 1000 should give breakdown
looking tgt 980-975-970++
in very short term
keeping on radar Mcdowell 1000 PE (oct) cmp 21
United Spirits looks high in spiritsUnited 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. = 52.3), declining cash from operations annual, FIIs decreasing stake, promoters holding decreasing & high promoter pledge. Positive aspects of the company are improving annual net profits, no debt & MFs are increasing stake.
Entry after closing above 821. Targets in the stock will be 853 & 892. Long term target in the stock will be 912 & 950. Stop loss in the stock should be maintained at closing below 728.
UblUbl as per monthly looks like it facing some supply on higher levels in red zone....
If stock unable to clear red zone on the upside then orange zone waiting below..😉🤐
So no fresh long untill the time stock trade below red zone.....😇
Cmp ard 1450
MCDOWELL_N -LongMCDOWELL_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 recommendation.
United Spirits (McDowell_n) Waiting for Breakout.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 weekly chart, support established on 50 EMA & Trading above 200 EMA on weekly chart.
4. Kumo Twist & Breakout on a weekly chart is neutral & currently consolidating. However, Kumo Breakout & kumo Twist on daily chart is strong for a upward momentum.
5. RSI is at 49.34 on a weekly Chart at the time of publishing.
6. MACD Crossover signal line on weekly chart.
7. Hull Moving Average is a Buy Signal on Daily, Weekly & monthly chart.
8. Enter long if Price breaks above the resistance. In, any case keep a price alert.
9. Volume Spike in weekly chart signals strong Momentum.
Projected targets as per Anti Cypher Pattern & Downtrend channel provided in the chart.
Stop Loss: Enter only if price breaks the trend & Retests.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
MCdowell good for short term and long term target 950 nearMCdowell ready for blast up site ...
Short term and long term look like very good
try took long position from here
Target~ 820, 850, 900
SL 780
MCDOWELL - Breakout TradeThere 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 Trade
Breakout Trade
Great Risk Reward Ratio
United Spirits BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
McDowell is now broken out!!!United spirits has given a breakout signal in DTF. Any retracement to the trendline again in a couple of days is a good entry point. Dont FOMO
MCDOWELL_N (UNITED SPIRITS LTD)Buy @ 801-816
Break out after consolidation of 6 years
Cmp 827.70
Pe 88.4x
Roce 13.3%
Roe 9.49%
Mcap 60144 cr.
Enterprise value 61097 cr.
Reserves 4094 cr
Products:- johnnie walker, black dog, black & white, vat 69, antiquity, signature, royal challenge, mcdowell’s no.1, smirnoff and captain morgan.
United sprits to have some good times aheadAs the festival season all around the world, demand for alcohol to rise which can give benefits to all good alcohol making companies.
From my point of view from next week we can see some good rally in the counter
TP1 - 610
TP2 - 640
&
TP3 - 670
Keep stop loss below 550 good luck everyone.
MCDOWELL - Sustaining below 590 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
MCDOWELL - AT SUPPORT#MCDOWELL : - At Support - Not getting conviction
The thing I do not like here is the falling gap, followed by a continuous retest of support, is this the sign of weakening support?
Any comments/observation ?
wait for the break out or down! this stock is a leader in alcohol sector. 1 month return 18.42%. 5 years return -18.23%.
