MCDOWELL: – United Spirits Limited stock price up 2.55% or 14.20 points to 571.80 by the end of today trading session. The stock price has built a strong base near the time tested short term inclining support line. The stock trading sideways from a couple of months and it has now broken the range to the upside in a convincing manner.
On indicator front, the volume is gaining positive momentum along with MACD has shown bullish crossover with positive divergence. The RSI indicator is trading at 62.67 showing strength and has more room for upside in the coming time.
Moneyites.com recommends buying the stock at the current price and accumulate more near 550 level with a stop loss of below 525 on closing basis for the upside of 630-680.
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