$MCDOWELL-N: Long on Gap Survival & Multi-Timeframe Breakout.

This is a live swing trade I am taking in $MCDOWELL-N (United Spirits). The stock has shown exceptional relative strength by holding its post-earnings gap and is now breaking out of a consolidation range.

This post details the *full* mechanical framework I am using to manage this trade.

### 1. Indicators Used on This Chart
* **9 EMA (thin black line):** Short-term momentum.
* **21 EMA (thin orange line):** The **Key Trend Support**. The stock has repeatedly bounced off this line.
* **50 EMA (green line):** Medium-term trend.
* **200 EMA (red line):** Long-term trend.
* **Volume:** Confirming the move.

### 2. Decoding the "Gap Survivor" Setup
This is a story of strength:
1. **The Gap (Oct 31):** The stock gapped up powerfully on strong volume.
2. **The Survival (Nov 1-20):** Instead of filling the gap (which weak stocks do), it consolidated sideways. It *survived* the profit-taking phase.
3. **The Bounce (Nov 21):** The stock dipped to test the **21 EMA (orange line)** and bounced perfectly. This confirmed that institutional buyers are defending the trend.
4. **The Hourly Coil (Micro-Structure):** On the **1-Hour chart**, we can see a clear resistance range forming.
5. **The Breakout (Today - Nov 26):** The price is breaking above the hourly resistance and the daily consolidation high at `₹1,448.20`. This is our multi-timeframe confirmation.

### 3. The Mechanical Trade Plan (The "Swing" Playbook)

This is a cash "Swing" trade.

* **Bias:** Long
* **Entry (Purple Line):** `₹1,448.20`
* **Stop-Loss (Red Line):** `₹1,395.30` (Placed below the 21 EMA bounce and the recent consolidation low).
* **Risk (1R):** My risk is fixed at **`₹52.90`** per share (3.65%).

### 4. Our Exit Strategy (The "2R / 21EMA Hybrid")

1. **Target 1 (Base Hit):** Sell **50% of the position at +2R.**
* **2R Target = ~₹1,554.00**
* This pays for the trade and locks in gains into strength.

2. **The "Free Trade" Maneuver:** As soon as Target 1 is hit, the stop-loss on the remaining 50% is moved to **Breakeven (Entry Price).**

3. **Target 2 (The Runner):** I will trail the remaining "free" position using the **21 EMA (Orange Line)**. Since the 21 EMA has been the "guardian" of this trend all month, it is the perfect trailing stop.

*Disclaimer: This is not financial advice. This is my personal trade journal and framework, shared for educational and analytical purposes only. Always do your own research.*