Buy Mcdowell Ltd For Target Rs. 790 - Religare Broking
Mcdowell Ltd
* MCDOWELL-N has been witnessing rebound after forming a strong base around 730 levels.
* The existence of neckline area of the previous consolidation range and long term moving average(200 EMA) on weekly chart adds weightage to the support level.
* The chart pattern indicates a gradual recovery from hereon.
* We thus recommend initiating fresh longs as per the given levels.
Buy Mcdowell Ltd @ BUY CMP 768.35; Range760-765; SL748; Target 790
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