In this blogpost we will be sharing our analysis on top 4 stocks in the alcohol sector sorted market cap wise:-
1. UNITED SPIRITS
As it is quite visible that the stock has already broke out from the descending trendline resistance and bulls are itching to reclaim the ATH once again.
September monthly closing is going to play a very important role here and if the stock reclaims it’s ATH once again we might see some selling pressure as it’ll be breaking out after 5 years as the impatient investors who invested around this zone will be selling their stake aggressively. (Just a theory)
A parallel channel pattern is also visible on the charts with good base formation in United spirits.
2. UBL
Attached below is the chart of UBL which was trading inside a parallel channel since 8 years and the stock has reclaimed it’s ATH recently.
Though, the channel top is quite near which might give an opportunity to add this script on dips.
3. GLOBUS SPIRITS
We’ve added Globus spirits in our portfolio when it crossed 422 in June series 2021 and by looking at the price structure it indicates that we are in the 3rd wave and there are no signs of reversal as of now.
So one can keep this script on their watchlist as well to add on dips.
4. RADICO KHAITAN
In a larger timeframe; the coronavirus hit on this stock looks like a pullback and since then the price is not ready to give up.
Another fine script from this space which is getting accumulated in every dip.
Radico khaitan is forming a very nice flag/rectangle pattern (Accumulation) right at the top and by the price volume action, it looks like selling is getting absorbed and we can see a decent move on the upside sooner or later (Just an estimate).
For queries related to this post or technical analysis you can mail us here at- Info@tradetales.in
Disclaimer- This post is shared for educational purposes only kindly consult your financial advisor before taking any decisions weβre not liable for anyoneβs profit and loss.
PEACE.
Excellent information
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Awesome sector focussed Analysis
Superb information
Superb
very nice
Perfect π
Very nice analysis ππ
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It is not a custom theme we’ve made changes to an existing one.
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Thankyou for your kind words.