Technical Chart – United Spirits – Setting up for a Breakdown ?

United Spirits has been in the news for so many reasons for last many months. Recently on ban in some states etc.

Technically it is yet again getting back to a support area which has held up very well for last couple of years.

United Spirits

  • Will this breakdown below 2260-2300 supports is a tough question.
  • But also in last 3 months it is the third attempt at this support. This does not indicate a lot of strength.
  • On the upside 2900-3000 has been a tough resistance.
  • The stock has been a darling of a lot of long term investors. It would be interesting to watch this one.

Disclosure - No Positions as of Now.

 

 

 

Technical Analysis Training Bangalore

Date:
7th and 8th May 2016

Timings:
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Venue :

Iris Hotel
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