Wedge pattern breakout and another Trendline which was tested multiple times and ready to break,
Monthly and Weekly candles also looks strong with good volumes and if a day candle closes above 890 - 900 level we can anticipate a quick move in Mcdowell (United spirit) till 1000 levels.
-educational purpose only.
United Spirits Ltd (UNSP)
strong volume breakout with momentum in day chart. it closes 200 EMA line. time to go for long.
BUY above 825.
next TARGET 842,869,876,890.
Thank you.
United Spirits has started wave cycle from 85.20 .
Wave ((1)):
Wave ((1)) is an impulse pattern that occurred in 201.
Wave ((2)):
Wave ((2)) is a zigzag pattern that occurred at 95.55 .
Wave ((2)) retraced 100% of wave ((1)).
Rule 1: Wave ((2)) can never overlap the starting point of wave ((1)).
Wave ((3)):
Wave ((3)) is an impulse with extensive...
📈 United Spirits 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above resistance 890-900 .
On Buy Side I am looking for Targets of 945 and 1005.
StopLoss should be kept below 860-870 zone.
It offers 1:1.5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a...
Multi-year breakout seen in this counter. Near festive season and booming sugar sector! direct beneficiary from this is the alcohol sector!
And my pick from this cycle will be united spirits!
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
United Spirits making Higher High and Trendline Breakout with good volume
Entry:
1) If it come for Retest we can buy @660 level with confirmation.
2) If price Sustain above above 675 level then we will go long.
Sl: 650
Tgt: 720
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
