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...
NSE:MCDOWELL_N gave a breakout from triangle & resistance.