Stocks to Watch For Today

Stock to Watch on Friday- Mc Dowell 
Hourly Chart
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Technical Analysis 
Mc Dowell recovered and edges higher with the support of trend line on hourly chart. If we look at the broad chart the stock formed a rounding bottom pattern where it formed lower lows from 24 January to 6 February and then formed higher lows from 7th February till today. It also reflects an inverted fractured head and shoulder patter on hourly chart. The shoulders are at 3200 and neck line is expected to break tomorrow. 
                                   Today the stock opened gap up but then consolidates on higher levels on hourly and 15 min. chart. If it breaks above 3335 then a steep momentum is expected towards 3500. 21 day EMA also supports the uptrend. The next important resistance at 3388. Buy Mc Dowell (United Spirits) above 3335 for the intraday target of 3388-3420 with stop loss below 3300. And buy Mc Dowell February futures above 3342 and target would be 3380-3400, stop loss below 3310.