McDowell(United Spirits) again after taking support around 2223 is moving up again.
The stock has a tendency to move up in falling market.
Today the stock has given a break out from a falling wedge pattern. Technical targets of that comes around 2906. Meanwhile 2578 (which is 89 dma) and 2836(previous high) will act as good resistances.
The stock has a tendency to move up in falling market.
Disclosure: I have position in the stock in cash. Further i am not a SEBI certified analyst so please consult your financial adviser before taking any action on my call.
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