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Seen a bullish engulfing with volume and a previous downtrend. This indicates a long opportunity with marked levels.—————————————————————————————–
Stock Ticker – NSE: MCDOWELL-N – United Spirits Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 575.9 Target 601 Stoploss 554
Analyst Rating – :4/5
View Posted on 2020-01-09
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Hi,
Good analysis!
Thanks Naresh
Target Achieved today.
@naresh: By seeing today’s action of buying, its a runaway GAP? How do we identity these kind of symptoms? Please help to understand
Hi sir,
It happened due to Q3 result. Generally, we wouldn’t suggest trading based on earnings ( Note- It’s just an area gap, not a runaway gap)
@Naresh…..Will you please explain it with one more example of chart of Area gap?