UNITDSPR trade ideas
MCDOWELLS - Triangle BreakoutBuy above 688.4 being prior pivot broken with above average volume
Target 728 being height of triangle
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
United Spirits | MC-Dowell |ChaiwithAnoopUnited Spirits | MC-Dowell
Let's See Will it Rise or Fall Down
Will it Follow Double Top or A Triangular Breakout.
Cheers In Advance
NSE:MCDOWELL_N
MCDOWELLS See how the stock takes a good support of the 50EMA.
The recent pullback was weak.
The current demand is strong.
Good up trend upcoming.
[Intraday]UBL Long & Short Bet Buy If triggers
Sell If triggers
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , Trade Setup based on option Decay !
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
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UNITED SPIRITS LongComing out of long consolidation and also fundamentals improving
Probable TGT - 1200
McDowells Make or Break Levels
Mcdowells is trading near its crucial levels. Wait for Confirmation before taking a position. If Mcdowells is not able to sustain above 661 then it is a good short. Otherwise, a breakout if it closes above 661.
Short Trade
Entry 652-660
Stop Loss 665
Target 625, 606
Long trade
Entry Closing above 662
Target 5%
MCDOWELL (UNITED SPIRITS) ALL TIME HIGH POSSIBLEALL TIME HIGH POSSIBLE STOCK IS IN TIGHT RANGE. GOING TO BREAK IN UPSIDE. GO LONG AND KEEP BUYING FOR LONG TERM.
United spirits trading ideasMcdowell-N above 675 trgt is 1000. Good range very bullish future long term investor take note that.
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 :: Closed above 50 DEMA & Trend LineLongs can be initiated in the stock once it show a positive sign on smaller time frame after the Market Open on next trading day
If it goes above the previous day high then Buy ...
Note: This analysis is only for educational purpose, not a recommendation for Buy/ Sell.
Mcdowell N United spirits Ltd looks good for long-term if it holds 430 level Targets could be 680,815,1250
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.
McDowells - Buy near support with tight stoploss.Made bottom around 510, and can be used as stoploss for 650-750 Target 🎯 levels.
CMP: 525
SL: 505
TARGET: 650 & 750
R:R= 6.25:1
Fib ReversalStock Analysis: Mcdowell has taken support from Fib golden ration 61.8 levels as long as not breaking that level expected to reach the target given on the chart. Let's see.
Happy Trading!
