UNITDSPR trade ideas
United Spirits Ltd view for Intraday 28th September #UNITDSPRUnited Spirits Ltd view for Intraday 28th September #UNITDSPR
Buying may witness above 1645
Support area 1630. Below ignoring buying momentum for intraday
Selling may witness below 1610
Resistance area 1630
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
United Spirits Ltd view for Intraday 26th September #UNIT DSPRUnited Spirits Ltd view for Intraday 26th September #UNIT DSPR
Buying may witness above 1645
Support area 1625. Below ignoring buying momentum for intraday
Selling may witness below 1610
Resistance area 1625
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
UNITDSPR - Hormonic Reversal zone - ShortSellingUNITDSPR is nearly our Hormonic reversal zone, Rsi also hit nearly over bought- 73,
entry zone is 1606 to 1625 in-between these zone is potential hormonic reversal place, and nifty also ALL TIME HIGH, even RSI is Hitting 70+, so expecting some reversal happen upcmg days.
Education purpose only.
Entry : 1606 to 1625
Regards
Sathish
UNITED SPIRITS : Bullish Setup with Ascending Triangle FormationPrice Action Overview:
UNITED SPIRITS LTD is showing a promising bullish setup with an Ascending Triangle Pattern. This is a continuation pattern, often signaling a potential breakout in the direction of the prior trend. Here's a detailed analysis:
Ascending Triangle Formation: The stock is forming higher lows, creating an ascending triangle pattern, which typically indicates buying pressure and the likelihood of a bullish breakout.
What is an Ascending Triangle Pattern?
The Ascending Triangle is a bullish continuation pattern often seen in an uptrend. It is formed when the price makes higher lows while the highs stay at a similar level, creating a triangle shape. This pattern reflects the strength of buyers, as they continue to push the price higher at each dip, leading to a likely breakout above the resistance level.
How to Trade the Ascending Triangle:
Entry Point: Traders typically look to enter a long position once the price breaks above the horizontal resistance line, confirmed by increased volume.
Stop Loss: A stop-loss order can be placed below the most recent low or just below the ascending trendline to manage risk.
Price Target: The target is often set by measuring the height of the triangle and projecting it upwards from the breakout point. This gives a potential upside target.
In this specific setup for UNITED SPIRITS LTD:
Breakout Potential: The stock is approaching the upper boundary of the triangle, and a breakout could lead to a strong upward move.
Weak High: The current weak high near the top of the triangle suggests that buyers are still in control and pushing for higher levels.
Price Targets: Based on the height of the triangle, a potential upside target could be around ₹1,600.
NSE:UNITDSPR
This setup provides an opportunity for traders to capitalize on a potential breakout, supported by technical indicators and volume patterns.
United Spirits Ltd for Long term Investment?Starting date 01Nov2006
Then after that he met his First High on 01Oct2007 @439.15
Then after that he met his First Low on 01Jan2009 @85.21 and that's an All-Time Low.
All-Time High on 03Jun2024 @1,334.85
If you are looking for an entry then it must be @796.70 - @730.95 because you can see a BOS & BOS comes with POI "MPOI" which means there will be mitigation @796.70 - @730.95 for LONG side.
Diageo India incorporated in India as United Spirits Ltd.(USL) is the country’s leading beverage alcohol company and a subsidiary of global leader Diageo PLC. The company manufactures, sells, and distributes a wide portfolio of premium brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell’s No.1, Smirnoff and Captain Morgan.
USL has the highest market share of 25% in the Indian spirits industry It is the 2nd largest spirits company in the world. The company has ~45% market share in the Indian Whiskey market. Whiskey accounts for over 60% spirits sale in India.
USL has a comprehensive brand portfolio with more than 80 brands of Scotch whisky, IMFL whisky, brandy, rum, vodka, and gin. Out of these, 9 brands that sell more than a million cases each year, of which 1 brands sells over more than 25 million cases each annually.
The Co. has a pan India manufacturing presence with more than 37 facilities and a distribution network of 70,000 outlets.
Market Cap 93,803Cr INR, Stocks P/E 68.2, Current price 1,290INR, ROCE 27.9%, ROE 21.0%, ROE 3yr 19.6%, ROCE 3yr 24.3%, Return over 3yr 25.6%, Return over 5yr 16.7%, Promoter holding 56.7%, Debt to equity 0.04% Company is almost debt free, Industry PE 31.8, Net profit 1,408Cr INR
This Company has a very good HOLD in this industry. And so I think this company is good for long-term investment.
I WELCOME YOUR THOUGHTS. BE SURE TO SHARE YOUR THOUGHTS ON THIS.
UNITED SPIRITS 1DSWING TRADE
- EARN WITH ME DAILY 10K-20K –
UNITED SPIRITS Looking good for Downside..
When it break level 1269 and sustain.. it will go Downside...
SELL @ 1269
Target
1st 1235
2ND 1211
UNITDSPR JUN FUT – LOT 6 (Qty-4200)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..