#MCDOWELL_N
853.
6 year rectangular breakout in monthly chart at 820
Longer the rectangular base, more prospects waiting for the price.
Any pullback is a good buy for a medium term perspective as long as it stays above 775.
Can look to buy around retest zone 820-830. 8% stop.
More from ScorpioManoj
#CHALET 239 . 11% up. Power of Stan Weinstein strategy.
#CHALET
— ScorpioManoj (@scorpiomanojFRM) September 26, 2021
217
A Stan Weinstein strategy scan output.
Stock possibly trying to break to Stage 2 if moves above 220. Huge volume seen in previous week with a strong candle.
30wk MA started sloping upwards and RS sloping upwards.
Fundamentals not good. But huge instnl holdings. pic.twitter.com/PsjwoWbNFJ
More from Mcdowell
United Spirits - How beautifully chart patterns work on a monthly scale, too. I was bullish on this for the reason that it is coming out from a very strong tight consolidation zone. https://t.co/rdjPmgFN7d
United Spirits (McDowell) - I will not wait for the monthly closing and will take an entry in this with an SL at 690. I lose almost nothing in lieu of the potential reward. https://t.co/HCnRuWvIpO pic.twitter.com/echxv0Aav0
— The_Chartist \U0001f4c8 (@nison_steve) September 2, 2021