Mcdowell (NSE) - Break out of Triangle

2 พ.ย. 2019

Mcdowell trades in a General Uptrend; and we see a Strong Price Consolidation as the price begins to slide. This only Adds more Strength to the Existing Uptrend.

There are TWO Geometrical Chart patterns, a Triangle, and a Rectangle, in Mcdowell, both indicating a Strong consolidation, which usually is a Preparation for the Next Big Move.

Now, with the Breakout Above the Triangle, Mcdowell is indicating the Stock has a higher chances of Moving upside in the coming days.