UNITDSPR trade ideas
MCDOWELL_N (United Spirits) Intraday level for today #MCDOWELLN MCDOWELL_N (United Spirits) Intraday level for today #MCDOWELLN
Buying opportunity above 1216
Stop Loss area 1200
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
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V Trade Point
Mcdowell Hangover ?- It has been in a sideways channel for almost 2 years with clear support and resistance zones
- It showed strength in the initial phase of this week but at the end got hung over Literally, upside down.
- In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for now.
- Despite the trendline breakout ( Say If it had), It would have been wise to wait for the resistance zone to break and the price to sustain over it.
- Even now It has 50 - 50 chances but maybe for us, it's a bit of red bias.
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MCDOWELL_N Intraday Strong Support 15 min with very small risk aMCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL_N Intraday Strong Support 15 min with very small risk at 1123
MCDOWELL-N: Riding the Upward Wave! Analyzing for Potential GainHello traders,
Following the positive response to last week's study on AARTIIND , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits).
📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher.
⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price).
💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments.
📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial.
🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions.
📌 TradingView Wisdom: As TradingView says, "Look first, then leap."
🙏 Thank You: Grateful for your support! See you in the next post.
Best regards,
Alpha Trading Station
United spirit 3rd December, 2023( language Hindi)We have taken a historical view of United Spirit It's moved till now And what we are expecting for future we have seen few levels for trading purpose We have marked few levels as 1065 for up move We have set S L level at 1025 Or 1040 one can pick depending on their investing perception Now, what we are expecting as a target is one, 1005 level.
this study is only for informational and educational purpose only Please do your own research before taking any trade
UNITED SPIRITSUnited Spirits Ltd. appears to be exhibiting a promising chart pattern, with evident accumulation occurring at its current price levels.
The Double Bottom chart pattern breakout in United Spirits Ltd. suggests the potential for a bullish move. It's prudent to await confirmation from a confirming candle before considering an entry point.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
United Spirits Ltd. engages in the manufacturing, sale, and distribution of beverage alcohol. It operates through Craft Whisky and Luxury Spirits segments. The company offers brand portfolio of Scotch whisky, IMFL whisky, brandy, rum, vodka, and gin. It imports, manufactures, distributes, and sells various iconic Diageo brands such as Haig Gold Label, Captain Morgan, Johnnie Walker, J&B, Baileys, Lagavulin, Talisker, VAT 69, Black & White, Smirnoff and Ciroc. The company was founded in 1826 and is headquartered in Bangalore, India.
Swing Buy Opportunity in United SpiritsEntry: 996
Target: 1078
SL: 955
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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