284 below weak 281/279/275 can test easily already tl breakdown
- 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...
Mcdowell Forming inverse head & shoulder pattern Looking good for tgt 1170-1180-1190++ Keeping on radar Mcdowell 1160 CE
Mcdowell-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 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....
Buy above high of breakout candle at 811.25 stoploss at 790.5
Ubl 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 - 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...
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...
MCdowell 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
There 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...
The 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.
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
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.
As 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.
CMP-618 STOP LOSS- 569 TARGET- 640/667/702/742