From past 10 months, the stock was consolidating and range bound between Rs 730 to 900.
Today's price movement broken the resistance with huge volume and positively closed above 200 ema.
Safe entry at Rs 930, Stop Loss below Rs 844, Targets market in chart.
Thanks -AJ
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Weekly Bullish Closing.
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Alcoholic Beverages are created lot a buzz recently.
United Spirits - The stock was range from past 4 month and given a breakout with bullish candle and huge volume.
Price closed above 200 ema.
Target 10% , Stop Loss below 20 ema
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Radico Khaitan - The stock continuously moving upward in symmetrical triangle and hidden parallel channel.
The breakout from support level and strength confirmed by RSI and Volume indicator.
Target and Stop Loss as per price action and momentum.
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United Spirit - Momentum Play
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Weekly Update : United Spirits - Bullish Momentum. Radico - Bullish Candle from retest level. Globus - price retested breakout level and weekly doji candle.
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Globus - Target 1 achieved !!
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Radico - Weekly Chart
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United Spirits Daily Chart
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Weekly Update : United Spirits - Short term return of 7%. Inside Candle and trend positive. Radico - Weekly Bullish Closing but price near trendline resistance. Globus - Breakout and target 1 achieved.
Refer above chart for better understanding.
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another alcoholic stock given a breakout from lower level.
UBL : resistance breakout with bullish candle & huge volume.
one more beverage stock given a breakout "Sula Vineyard"
Cup & Handle | EMA | Volume
Safe Entry at retest level Rs 450 | Target Rs 500
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Weekly Update : United Breweries & Sula - Price around retest level United Spirits - Momentum continue Globus - Target 2 achieved Radico - Price at weekly resistance
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Target 1 achieved in McDowell.
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Weekly update : Globus - momentum continue. McDowell - target 1 achieved. Radico - price at resistance level. UBL - price retested the breakout level but resistance at ema 200. Sula - price retested breakout and momentum continue.
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Weekly update : Globus - momentum continue. McDowell - momentum continue. Radico - price rejection from resistance level. UBL - price rejection from ema 200. Sula - price made high of Rs 490, hold.
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Weekly update : Globus - hold. McDowell - hold Radico - price rejection from resistance level. UBL - price rejection from ema 200. Sula - price near support level.