UNITED SPIRITS - Bullish Engulf with high volumes

NSE: MCDOWELL-N is looking to breakout out from the consolidation range.

Today's volumes indicate a huge demand and should move to previous swing highs in the coming days.

The stock has been in a accumulation phase along with trendline support over the past few days which is creating the uptrend.

One can look for a 9% to 12% gain on deployed capital in this swing trade.

The view is to be discarded in the event of the stock breaking previous swing low.

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Disclaimer:

This is for educational purposes only.
Candlestick AnalysisSupport and ResistanceswingtradeTrend Lines

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