United Spirits - Multi Month BreakoutUnited Spirits - Company is turning around, heavily reducing debt and will be debt free shortly. Breaking out at multi month levels. Can potentially be a multi year breakout once it breaches 815
MCDOWELL_N
MCDOWELL - Morning Star formation at retest - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Below is the zoomed in image for better understanding
Checkout BATAINDIA trade (linked below) to understand how to trade Morning Star formation
Also, you can check out previous analysis of MCDOWELL as well (linked below)
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me for any query or suggestion regarding this stock or Price Action Analysis.
6 yrs brkout UNITED SPIRITNSE:MCDOWELL_N
WAIT FOR THIS MONTH CANDLE TO CLOSE FOR CONFIRMATION (then buy on dips)
please note its monthly TF. SL will be big but Target also be big.
can find opportunities on smaller TF
patience will be key.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
MCDOWELL (UNITED SPIRITS)United Spirits LONG SETUP....
1. MORNING STAR FORMED IN DAILY TF
2. BO of Bullish Flag & Pole pattern with Volume Expansion
3. Retest of BO done
4. Also 52-Week High of 684 broken on friday
MCDOWELL_N : Ride the wave Looks like breakout from trendline, above 50, 100, 200 EMA levels ...
Add to watch-list - trade carefully.
Please do you own analysis ...
MCDOWELL_NUnited Spirits post its Q4 results has reversed from a bearish Harmonic Crab pattern in daily time frame suggesting retracement till 560-550. The view would negate above 605.
MCDOWELL - Great Risk to Reward Opportunity - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade set up along with the logic has been explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas on similar concept, linked below, to understand how one can earn from stock markets with simple trade setups.
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 - Held support, formed bull candle with god volume.
This time it might show some good movement towards the upside.
View negates below 565 levels
United Spirits or MCDowell_N Strong SupportUnited Spirits or MCDowell_N is at strong support unless break out is downside it should fly
R-0013 TK cross over at 595 so go long in UNITED SPIRITShort Term Cash Buy MCDOWELL-N @608.00-612 SL 592 TGT 648
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%.
MCDOWELL - CLOSING THE TRADE IF STOCK CLOSES BELOW 762 MCDOWELL - CLOSING THE TRADE IF STOCK CLOSES BELOW 762
MC DOWELL - At multiple support levelsMcdowell at multple support levels.
if it holds 550 levels, it is most likely to bounvce back towards 600 levels
