United Spirits has given Rounding bottom Breakout on the daily charts. This pattern is very powerful and now this stock can provide a return of 15% in near term.
On the monthly chart, the stock has a long white bodied candlestick which signifies strength and possible bullish bias.
On the Daily Chart,the stock is trading above its 11 and 22 day EMA, RSI is at 69 and MACD is above zero line suggesting positive momentum.
Volume- The volume has increased towards the breakout which suggests the possible upmove.
CMP- Rs.1570
Price Target - Rs1800
SL- 1525( Below the neckline)
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
On the monthly chart, the stock has a long white bodied candlestick which signifies strength and possible bullish bias.
On the Daily Chart,the stock is trading above its 11 and 22 day EMA, RSI is at 69 and MACD is above zero line suggesting positive momentum.
Volume- The volume has increased towards the breakout which suggests the possible upmove.
CMP- Rs.1570
Price Target - Rs1800
SL- 1525( Below the neckline)
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
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.
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.