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United Spirits Limited

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UNITDSPR trade ideas

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.
NSE:UNITDSPRLong
by rajsharmatt
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.
NSE:UNITDSPRLong
by VIJETEJBHIMRAOTAMBARE