Buy MCDOWELL-N

Analysis:

• ·         Mcdowell-N is facing resistance as shown by downward slopping trendline and once it breached this trendline.
• ·         Stock is retraced 50% of A to B up swing and now getting bounce back from lower levels.
• ·         Oscillators like RSI, stochastic and ADX suggest buy signal.
• ·         Stock is above its 20 days SMA, 50 days EMA, 100 days EMA & 200 days EMA suggest strong uptrend.

Strategy: - Buy & accumulate MCDOWELL-N between 2615-2640 for possible TGT- 2690- 2730 with stop below 2590 on closing basis