#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
More from Mcdowell
#UNITEDSPIRITS May outperform big time against #CNXFMCG (FMCG index) https://t.co/6xGk0dg5M8
#USL #Unitedspirits #DIAGEO Shared daily chart for reference \U0001f447
— Pranay Prasun (@PranayPrasun) May 27, 2022
Here breakout candle is supported by volume https://t.co/MXsPJMNHDF pic.twitter.com/rTLQhfCXfg
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