United spirits Technical analysis -1W chart
United Spirits chart pattern looks very good to hold on for long term (next 4-5 years). Even though stock is looking for a small correction of 10% and to trade in sideway range of 10% levels up-down in short term and is a good to hold it for long term. Stock have a strong support at 500 levels which is 30% away from current level and it will be good to go for 1:1 RR.
Buy -> 750-775
Sell --> shortterm --> 950-980
long term --> 1200
Stop loss --> Short term - 650-675
Long term can hold upto 500 levels and average it
Buy -> 750-775
Sell --> shortterm --> 950-980
long term --> 1200
Stop loss --> Short term - 650-675
Long term can hold upto 500 levels and average it
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