UNITDSPR trade ideas
United Spirits - Hop on to the High SpiritsMcdowell - Showing promise of high spirits. did trade once between 505-574, Bought above AVWAP line around 560, retesting. Looking for a target of 650. 595 will be a resistance zone. Will do pyramiding above that level. SL is 555.
DISC: Not a SEBI Registered. I post charts for my own study.
MCDOWELL_N - RSI TrendLine SupportMCDOWELL_N taken RSI TrendLine Support at daily chart... Targets on chart...
Support Trend Line Trade in MCDOWELIntraday: MCDOWELL-N Sell Below 556.4 TGT: 550.6/545.3/537.3-- SL: 562.1
Intraday: MCDOWELL-N Buy above 566.1 TGT: 570.8/575.6/580.7++ SL: 561.1
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
MACDOWELLS_N (UNITED SPIRITS)MACDOWELLS_N (UNITED SPIRITS)
A Breakout from this Trend line in Daily TF would trigger good up movement
Use Pattern in 15 mins TF for Intraday
View Neutral to Bullish
United Spirits - Breaking outUnited Spirits
I have drawn in four hour chart to show how the candle is in last 2 hours of trading on 28Th August 2020.
Good candle. Close above 9 and 21 EMA
One 616 is crossed the we can expect 640 range.
Good Volume
Good risk : reward setup.
Stochastic (both values need to be abobe 25 for me) just need to cross for a final conformation before we enter the trade.
Symmetrical Trianlge Breakout/Breakdown Trade in MCDOWELIntraday: MCDOWELL-N Buy above 588.8 TGT: 590.9/596/600.7 ++ SL: 583.4
Intraday: MCDOWELL-N Sell Below 581.3 TGT: 578.1/573.6/570.3-- SL: 587.2
