TheChartereds

Mcdowell Hangover ?

TheChartereds تم تحديثه   
NSE:MCDOWELL_N   UNITED SPIRITS
- 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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That huge bull candle!
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Support from the 1000 mark is crucial.
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7% In!
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Bearish RSI Divergence on Daily Chart.💀
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Blasted !
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Ready for the next round?
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