MCDOWELL_N
MCDOWELL_N SWING TRADE 1HOURHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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MCDOWELL_N
Daily : At support level.
1 Hour : It has taken liquidity from multiple day's low.
*Wait & look for an opportunity and we could see an upside movement.
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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”.
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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