Thursday, 15 February 2018

STOCK FUTURE TRADING TIP FOR 16 FEB 2018


buy MCDOWELL-N above 3300 TGT 3400/3500 SL 3200
FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248


TECHNICAL VIEW:  After showing correction from the higher level, now MCDOWELL-N is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 3370 as the stock is managing to sustain above the level of 3500.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 3370. 22 and 55 days moving averages seen as resistance  level with the RSI of 45.  After breakout, One may get the targets of 3400,3500 in the stock with the stop loss of 3200. Primary trend of the MCDOWELL-N is bullish. Strong Support level seen on daily chart at 3200 and 2935 AT 200 EMA .
DAILY CHART FOR MCDOWELL-N:



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