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Mcdowell-nlong

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.
NSE:UNITDSPRLong
by Tron029