United Spirits Technical Analysis

By | April 8, 2010

Stock is showing consolidation pattern and should be geeting ready for a next upmove.

United Spirits is showing good support at its 50 SMA as shown in charts,showing support around 1330-40 levels.Its is not breaking a certain level in such a weak market shows it has been accumulated by investors and traders.

RSI and CCI oscillators are showing positive divergences.

Looking at the above facts Stock is a buy above 1360 for a target of 1384 1398 and 1430.SL of 1321 should be maintained on all long positions.

If stocks breaks 1321 short for a target of 1305 and 1282

Leave a Reply