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%
ACC has completed its targets in the monthly charts. Resistance on the trendline. Formed a bearish engulfing candle two days back and then a bear sashe yesterday. Sell on bounce is the strategy in this.
Entry @ 1690-1710
SL @ 1770
Target 1522,1468
Great Risk: Reward ratio
The view basically holds till the 52 weeks high is intact.
Disclaimer: The analysis is...
