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UNITED SPIRITS LTD

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UNITDSPR trade ideas

UNITDSPR Breakout, Long for IntradayUNITDSPR Breakout closing in 15 Min. chart, Rectangle/Flag & Pole pattern breakout. Daily Trend is also upwards Wait for the retracement then can go for long position. Question : Why wait for retracement? Ans : Already made 8 green candles, there is a high probability that a red candle can be formed only then we can see the intensity and exact seller price. If sellers are strong then it can be a breakout fail or if buyers are strong then that red candle will be act like a small stoploss/better price place for Buyers. Note: This is just an analysis wait for the price to confirm. Disclaimer : Always follow Risk to Reward, because this is the key to success in this business, no matter how much good a trade is looking, we never know the future.
NSE:UNITDSPRLong
by smrgrover2
UNITED SPIRITS LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:UNITDSPR
by zenthosh
United Spirits has united all of his strength to go up!The stock has a strong resistance at ₹1461.30. Key support levels are at ₹1307.70 and ₹1288.08. - The stock price has broken out from the resistance level of ₹1307.70 and is currently trading at ₹1332.00. - There has been a significant increase in trading volume, indicating strong buying interest. - The stock is trading above its 20-day and 50-day moving averages, indicating a bullish trend. - Based on the height of the rectangle pattern formed, the next target for the stock could be around ₹1461.30. So, overall it looks like United Spirits Ltd has shown a strong bullish breakout from its resistance level and is likely to continue its upward momentum towards the target price of ₹1461.30. Disclaimer: This analysis is based on technical indicators and should not be considered as financial advice. Always perform your own research or consult with a financial advisor before making any investment decisions.
NSE:UNITDSPRLong
by Trendxinc