United Spirits Ltd. (NSE: MCDOWELL-N) - Technical Analysis

6 ngày trước

Key Observations:

1️⃣ Bullish RSI Divergence:
The RSI indicates a bullish divergence, suggesting potential reversal or upside momentum.

2️⃣ Breakout from Descending Channel:
After a period of consolidation within the descending channel, the stock has broken out, supported by improving momentum.

3️⃣ Volume Profile Support:
Strong accumulation zone observed between ₹1,440-₹1,490, indicating demand at these levels.

4️⃣ Fibonacci Levels:
Resistance levels are identified at ₹1,491, ₹1,541, ₹1,591, and ₹1,634 based on Fibonacci retracements.

5️⃣ Moving Averages:
The stock is trading above key short-term moving averages, reinforcing the positive trend.

Trading Strategy:
🚀 For Long Positions:

• Entry Zone: ₹1,440–₹1,460 (if price sustains above breakout level).
  
• Targets: ₹1,491, ₹1,541, ₹1,591.
  
• Stop-Loss: ₹1,430 (below support zone).
  

⚠️ Risk Management:
If the stock re-enters the descending channel, it could invalidate the bullish outlook. Monitor price action and volume closely.

Outlook:
With the RSI divergence, breakout confirmation, and strong support at ₹1,440, United Spirits Ltd. presents a promising bullish setup for short- to medium-term gains. Watch for sustained volume as the price approaches resistance levels.

💬 Your Thoughts?
What’s your take on this setup? Share your views below! 🚀