UNITED SPIRITS looking good ( short to long investment)Daily counts indicate Excellent bullish wave structure
Both appear to be optimistic and this stock invalidation number (S L) wave 2 low
target short / long term are already shared as per charts
we assume correction wave leg seems completed
Investing in declines is a smart move for short/ long-term players.
Buy in DIPS recommended
Long-term investors prepare for strong returns over the next two to five years.
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Unitedspiritslong
United Spirits looks high in spiritsUnited Spirits ltd. (McDowell) is engaged in manufacturing of alcoholic beverages. It manufactures the collection of brands such as Royal Challenge whisky, McDowell, Signature, Black Dog, four Seasons, Honey Bee etc. brand. They have 50 manufacturing facilities across India. United Spirits CMP is 817.05.
Negative aspects of the company are high valuation (P.E. = 52.3), declining cash from operations annual, FIIs decreasing stake, promoters holding decreasing & high promoter pledge. Positive aspects of the company are improving annual net profits, no debt & MFs are increasing stake.
Entry after closing above 821. Targets in the stock will be 853 & 892. Long term target in the stock will be 912 & 950. Stop loss in the stock should be maintained at closing below 728.