UNITED SPIRITS IS FORMING A SYMMETRICAL TRIANGLE PATTERN IN MONTHLY TIME FRAME AND CAN BE WATCHED OUT FOR POSITIONAL TRADING.
ITS HAVING CLEAR SUPPORT FROM AGGRESSIVE BUYERS IN THE LOWER TRENDLINE AND OVERALL ITS IN AN UPTREND. AND THERE IS A HIGH CHANCE OF BREAKOUT IN THE NEAR TERM.
IT HAS FORMED A BIG BEARISH MARUBOZU CANDLE IN MONTHLY TIME FRAME ON MARCH AND FOLLOWED BY INSIDE CANDLES IN THE FOLLOWING MONTHS. AFTER THAT HIGH OF THE BEARISH MARUBOZU CANDLE(702.75) IS BROKEN WITH VOLUME AND CLOSES STRONGLY, INITIATING A LONG ENTRY CAN BE CONSIDERED.
LONG ABOVE 710 WITH A POSSIBLE TARGET OF 1100 SL 600