### Stan Weinstein Stage Analysis: UNITDSPR (United Spirits Ltd)
**Overview:**
UNITDSPR is transitioning out of a multi-month Stage 1 Base into early Stage 2 (Advancing Phase).
**Key Weinstein Criteria & Technical Setup:**
1. **Stage 1 Consolidation (Base Building):**
- Duration: ~75 weeks of base formation following the Stage 4 decline from ₹1,645.
- Structural Support: Solid base floor established near ₹1,210 - ₹1,250.
2. **30-Week Moving Average Alignment:**
- Price (₹1,453) is trading +3.19% above the 30-week SMA (₹1,333).
- The 30-week SMA line has flattened out completely and is turning upwards, confirming accumulation.
3. **Mansfield Relative Strength (MRS):**
- MRS / RS26 is strongly positive at +8.58%, hitting a new Relative Strength High (RS HIGH).
- Strong outperformance relative to the benchmark index confirms institutional sponsorship.
4. **Breakout & Resistance Levels:**
- Downward trendline from the previous peak has been broken to the upside.
- Primary Breakout Zone to monitor: ₹1,450 – ₹1,500.
**Trading Plan & Action:**
- **Stage 2 Confirmation:** A decisive close above ₹1,450–₹1,500 on heavy volume confirms the Stage 2 mark-up.
- **Entry Strategy:** Buy on volume-backed Stage 2 breakout or low-risk pullback near ₹1,350–₹1,380.
- **Initial Stop Loss:** Structural stop below the base pivot / 30-week SMA (~₹1,330).
#StanWeinstein #StageAnalysis #MansfieldRS #NSE #UNITDSPR #Breakout
**Overview:**
UNITDSPR is transitioning out of a multi-month Stage 1 Base into early Stage 2 (Advancing Phase).
**Key Weinstein Criteria & Technical Setup:**
1. **Stage 1 Consolidation (Base Building):**
- Duration: ~75 weeks of base formation following the Stage 4 decline from ₹1,645.
- Structural Support: Solid base floor established near ₹1,210 - ₹1,250.
2. **30-Week Moving Average Alignment:**
- Price (₹1,453) is trading +3.19% above the 30-week SMA (₹1,333).
- The 30-week SMA line has flattened out completely and is turning upwards, confirming accumulation.
3. **Mansfield Relative Strength (MRS):**
- MRS / RS26 is strongly positive at +8.58%, hitting a new Relative Strength High (RS HIGH).
- Strong outperformance relative to the benchmark index confirms institutional sponsorship.
4. **Breakout & Resistance Levels:**
- Downward trendline from the previous peak has been broken to the upside.
- Primary Breakout Zone to monitor: ₹1,450 – ₹1,500.
**Trading Plan & Action:**
- **Stage 2 Confirmation:** A decisive close above ₹1,450–₹1,500 on heavy volume confirms the Stage 2 mark-up.
- **Entry Strategy:** Buy on volume-backed Stage 2 breakout or low-risk pullback near ₹1,350–₹1,380.
- **Initial Stop Loss:** Structural stop below the base pivot / 30-week SMA (~₹1,330).
#StanWeinstein #StageAnalysis #MansfieldRS #NSE #UNITDSPR #Breakout
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.