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UNITED SPIRITS LTD

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UNITDSPR trade ideas

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.
NSE:UNITDSPRLong
by rush12799
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.
NSE:UNITDSPRLong
by TrueVithbyVishwanath
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.
NSE:UNITDSPR
by Simplecharttraders
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:UNITDSPRLong
by Karanshah137
PROFESSIONAL TRADAER ( point of view )A professional trader is someone who buys and sells securities frequently for short-term benefits. An investor generally buys and sells securities for long term capital gains and dividends. What is a professional trader? A professional trader is a person who works in finance and engaged in investing as a business or in a full-time role rather than occasionally or as a hobby. They may work for themselves, at a trading company, at a wealth management firm or as a freelance trader for individual clients. The estimated total pay for a Trader is ₹13,41,500 per year, with an average salary of ₹8,41,500 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
NSE:UNITDSPREducation
by SkyTradingZone
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.
NSE:UNITDSPRShort
by Murthy_Santhosh
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