UNITED SPIRITS A Bullish Shark/Consolidation Breakdown on cardsUNITED SPIRITS is an interesting chart
It is forming Bullish Shark like pattern on daily / weekly charts
Price Crossed above 20 SMA on daily chart
Price Took Support at 100 EMA on weekly chart near 1300 levels
Multiple hammer like candles and dojis formed on Daily chart in last few days
Double bottoms formed with Positive RSI Divergences.
Lets See how it evolves from here further
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
UNITDSPR trade ideas
A Rally to book some profitsUnited Spirits CMP 1329
Fib - the stock is likely to rally to 1450/1460. This is a good 10% from here. The stop has to be below the lower confluence at 1200. Hence the risk reward is not in favour to trade this counter.
MA - the longer MA's are also around the 1450 zone making it a strong resistance.
Conclusion - Since the longer term trend is down. I will advise to book some profits on this rally
Patterns Repeating Patterns , FNO Trade I have witnessed these patterns which are repeating in the Market events
I find two important notes form this Stock
01) its in Oversold level
02) PCR oversold below or at 0.30
03) Pattern structure current time frame suggest Flag Pattern
This is Going to move up for short period of time
indicating short covering or intermediate move with in the Large directional move
This is education content one can use the Scanners and patterns identification to take
counter move trades
Good luck
UNITED SPIRITS RANGE BOUNDHi there, sharing you my insights on UNITED SPIRITS for upcoming days.
This stock has been range bound for atleast 1 month.
Waiting for the either side range breakout/breakdown confirmation.
Note: Please ask your financial advisor before investing. (This post is only for educational purpose)
Rounding Bottom Breakout in United SpiritsUnited 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.
UNITED SPIRITS LTD As of May 1, 2025, here are the key support and resistance levels for United Spirits Ltd (NSE: UNITDSPR) based on the latest technical analysis:
🔹 Support Levels
S1: ₹1,322.63
S2: ₹1,297.97
S3: ₹1,271.98
🔹 Resistance Levels
R1: ₹1,373.28
R2: ₹1,399.27
R3: ₹1,423.93
These levels are derived from pivot point calculations and are commonly used by traders to identify potential price reversal zones.
Please note that these levels are based on historical data and are subject to change with market conditions. It's advisable to monitor the stock's price movements and consult with a financial advisor before making any trading decisions.
UNITDSPR Trading Within Weekly Demand ZoneUNITDSPR is currently trading at ₹1320.15, within the weekly demand zone ranging from ₹1317.45 to ₹1282.85 , identified on 26th July 2024. This zone may serve as a support area where buyers could step in. Traders should monitor price action to assess whether the support holds or if further downside movement occurs.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
United Spirits: Technical Analysis & Key Levels to WatchAs we analyze the weekly chart of United Spirits Ltd. (UNITDSPR), it’s evident that the stock has been following a steady uptrend, supported by a strong ascending channel. This analysis dives into the technical indicators, price action, and potential future moves to help make an informed investment decision.
1. Trend Analysis: Ascending Channel
The stock has been trading within an ascending channel since mid-2023, forming consistent higher highs and higher lows. This channel signifies a healthy, gradual uptrend.
Upper Resistance: The upper bound of the channel acts as resistance, and the stock recently tested this zone near ₹1,508, showing signs of rejection.
Lower Support: The lower boundary of the channel, around ₹1,181, provides strong support.
The channel structure indicates a bullish bias as long as the price respects the lower boundary.
2. Fibonacci Pivots
The Fibonacci pivot levels on the chart provide key support and resistance zones:
Resistance Levels:
R1: ₹1,529
R2: ₹1,691 (next major resistance if the stock breaks above ₹1,529).
Support Levels:
S1: ₹1,181 (major support near the channel's lower boundary).
S2: ₹1,044 (critical for long-term trend reversal).
If the stock closes below ₹1,181, the short-term bullish momentum may weaken.
3. MACD (Momentum Analysis)
The MACD (12, 26, 9) on the weekly chart shows:
Bearish Crossover: The MACD line has crossed below the signal line, indicating weakening momentum in the short term.
Histogram Decline: A consistent reduction in histogram bars suggests a potential correction phase.
Despite the short-term bearish signals, the broader uptrend remains intact unless the price breaks key support levels.
4. Recent Price Action
In recent weeks, the stock has faced selling pressure near the ₹1,508–₹1,529 resistance zone. This is further confirmed by the bearish candle formation and rejection near the channel's upper boundary.
However, the presence of a truckload of support levels below, including the ₹1,181 pivot, suggests limited downside risk.
5. Risk-Reward Setup
Based on the chart, the risk-reward setup looks favorable:
Entry Zone: ₹1,181–₹1,200 (near channel support and S1 pivot).
Target Levels:
Short-Term: ₹1,529 (channel resistance).
Medium-Term: ₹1,691 (R2 pivot).
Stop-Loss: A weekly close below ₹1,181 may invalidate the bullish view, making ₹1,044 the next key support.
6. Broader Market Context
Given the overall market sentiment, the stock appears poised to perform well if:
The broader indices maintain their upward momentum.
Sectoral tailwinds, such as rising demand for premium beverages and excise duty relief in the Union Budget, continue to favor growth.
Conclusion & Investment Strategy
United Spirits Ltd. remains a strong candidate for bullish investors, given its position within the ascending channel and well-defined support levels.
Short-Term View: Watch for a rebound near ₹1,181 with a target of ₹1,529.
Medium-Term View: A breakout above ₹1,529 could propel the stock toward ₹1,691.
While the MACD suggests some short-term weakness, the overall trend remains bullish as long as the lower channel boundary holds. Traders should remain cautious of any break below ₹1,181, as it could signal deeper corrections.
United Spirits Ltd view for Intraday 15th Jan #UNITDSPR
United Spirits Ltd view for Intraday 15th Jan #UNITDSPR
Resistance 1450 Watching above 1453 for upside movement...
Support area 1400 Below 1435 ignoring upside momentum for intraday
Watching below 1397 or downside movement...
Above 1415 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks.
United Spirits Ltd. rounding bottom pattern breakoutThe daily chart of United Spirits Ltd (NSE: UNITDSP) shows a strong bullish setup with a confirmed breakout from a textbook rounding bottom pattern, with the neckline resistance at ₹1,700. The breakout, accompanied by high volume, suggests bullish momentum, although the RSI at 76.54 indicates overbought conditions, hinting at a possible minor pullback or consolidation. Traders can consider an aggressive entry near ₹1,700 or wait for a potential retest around ₹1,650–₹1,680, which serves as a strong support zone. Targets for the upside include ₹1,800 in the short term and ₹1,950–₹2,000 in the medium term, based on the pattern's height projection. A stop-loss should be placed at ₹1,620 to manage risk effectively, ensuring the risk per trade remains within 1-2% of capital. While the MACD remains bullish and the breakout is confirmed, caution is advised due to the overbought RSI and potential broader market influences.
USL Made Good Support and Crossed Key LevelsNSE:UNITDSPR today crossed key levels with volumes after getting accumulated near its base zone now it can give a swing up to ATH.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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UNITDSPR - United Spirits - 4th wave In Progress?CMP: 1516
TF: Daily and 75 Minutes
from the Swing low of 712, it appears that the script has completed 3 waves so far and 4th in play.
On Shorter TF, it looks like A and B are done.. C is in progress. If this plays out, the fall will be quick and strong.. on watchlist for the next couple of weeks (Dec 9 to 25)
There is also a case for Inv H&S formation.. Something the people with Bullish view can keep an eye on..
For my short bias, the SL is 1561
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.