Mcdowell (NSE) - Break out of Triangle
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.
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.
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